iA Global Asset Management Inc. Increases Position in Workday, Inc. $WDAY

iA Global Asset Management Inc. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 59.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,480 shares of the software maker’s stock after acquiring an additional 20,370 shares during the quarter. iA Global Asset Management Inc.’s holdings in Workday were worth $13,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after buying an additional 54 shares during the last quarter. Dagco Inc. purchased a new position in Workday during the 1st quarter worth $31,000. BankPlus Trust Department purchased a new position in Workday during the 1st quarter worth $40,000. Physician Wealth Advisors Inc. purchased a new position in Workday during the 2nd quarter worth $42,000. Finally, Geneos Wealth Management Inc. grew its stake in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on WDAY shares. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 target price on shares of Workday in a research note on Wednesday, September 17th. Cowen restated a “buy” rating on shares of Workday in a research note on Wednesday, September 17th. DA Davidson boosted their target price on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. UBS Group set a $304.00 price target on Workday in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group lowered their price target on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Stock Performance

Shares of WDAY opened at $239.92 on Friday. The stock has a 50-day moving average of $234.48 and a two-hundred day moving average of $237.96. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $64.06 billion, a P/E ratio of 111.07, a P/E/G ratio of 2.99 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. The trade was a 3.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is currently owned by company insiders.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.