Vise Technologies Inc. Buys Shares of 3,707 Workday, Inc. $WDAY

Vise Technologies Inc. bought a new position in Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,707 shares of the software maker’s stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen LLC bought a new stake in Workday in the first quarter worth $456,341,000. T. Rowe Price Investment Management Inc. lifted 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 worth $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted 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 worth $812,475,000 after buying an additional 913,613 shares during the last quarter. Generation Investment Management LLP boosted its stake in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after acquiring an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC increased its holdings in shares of Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after acquiring an additional 548,694 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. DA Davidson boosted their target price on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $340.00 target price on shares of Workday in a research note on Wednesday, September 17th. Finally, Barclays boosted their target price on shares of Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.86.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 75,053 shares of Workday stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. This trade represents a 42.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Garfield sold 1,915 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares in the company, valued at approximately $8,925,394.96. The trade was a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 19.31% of the company’s stock.

Workday Trading Down 1.1%

Workday stock opened at $223.49 on Friday. The business has a 50 day moving average price of $234.43 and a two-hundred day moving average price of $238.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The stock has a market cap of $59.67 billion, a price-to-earnings ratio of 103.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during 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%.Workday’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities 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.