Nomura Asset Management Co. Ltd. Increases Holdings in Workday, Inc. $WDAY

Nomura Asset Management Co. Ltd. raised its stake in Workday, Inc. (NASDAQ:WDAY) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,185 shares of the software maker’s stock after purchasing an additional 4,169 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Workday were worth $22,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Citigroup Inc. grew its stake in shares of Workday by 3.1% in the second quarter. Citigroup Inc. now owns 489,498 shares of the software maker’s stock valued at $117,480,000 after buying an additional 14,922 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Workday by 8.6% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 245,793 shares of the software maker’s stock valued at $58,990,000 after acquiring an additional 19,458 shares in the last quarter. Y.D. More Investments Ltd grew its position in Workday by 9.3% in the second quarter. Y.D. More Investments Ltd now owns 8,953 shares of the software maker’s stock valued at $2,149,000 after acquiring an additional 765 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Workday by 325.8% during the second quarter. Westpac Banking Corp now owns 5,263 shares of the software maker’s stock valued at $1,263,000 after purchasing an additional 4,027 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Workday by 1.1% during the second quarter. Rockefeller Capital Management L.P. now owns 145,382 shares of the software maker’s stock worth $34,892,000 after purchasing an additional 1,544 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WDAY. Evercore ISI raised their price target on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $304.00 price target on shares of Workday in a report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 price objective on shares of Workday in a report on Wednesday, September 17th. Finally, Barclays upped their target price on Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.86.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. This represents a 18.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 264,933 shares of company stock valued at $61,475,760 in the last ninety days. 20.00% of the stock is owned by insiders.

Workday Price Performance

Shares of WDAY opened at $225.64 on Wednesday. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 2.80 and a beta of 1.11. The stock has a 50 day moving average of $234.19 and a 200-day moving average of $237.58. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

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

Workday 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.