Meiji Yasuda Asset Management Co Ltd. Buys 650 Shares of Workday, Inc. $WDAY

Meiji Yasuda Asset Management Co Ltd. grew its position in Workday, Inc. (NASDAQ:WDAY) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,163 shares of the software maker’s stock after purchasing an additional 650 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Workday were worth $972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares during the last quarter. Finally, Parnassus Investments LLC grew its position in shares of Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on WDAY. Piper Sandler decreased their target price on Workday from $235.00 to $220.00 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Westpark Capital increased their price target on Workday from $315.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. UBS Group set a $304.00 price target on Workday in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group reduced their price target on Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $286.81.

Workday Stock Down 0.5%

NASDAQ WDAY opened at $230.73 on Wednesday. The business has a fifty day moving average price of $230.18 and a two-hundred day moving average price of $239.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The stock has a market capitalization of $61.60 billion, a PE ratio of 106.82, a PEG ratio of 3.23 and a beta of 1.12.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares of the company’s stock, valued at $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 73,971 shares of the business’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total value of $17,653,918.86. Following the sale, the insider owned 102,997 shares in the company, valued at approximately $24,581,264.02. This trade represents a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 318,380 shares of company stock valued at $76,586,604 over the last quarter. 20.00% of the stock is currently owned by 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.