Workday, Inc. $WDAY Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,884 shares of the software maker’s stock after selling 1,000 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Workday were worth $23,972,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. D.B. Root & Company LLC acquired a new stake in shares of Workday in the second quarter valued at approximately $332,000. Duncan Williams Asset Management LLC lifted its stake in shares of Workday by 16.2% during the second quarter. Duncan Williams Asset Management LLC now owns 3,664 shares of the software maker’s stock valued at $879,000 after buying an additional 510 shares during the period. Sendero Wealth Management LLC lifted its stake in shares of Workday by 5.7% during the second quarter. Sendero Wealth Management LLC now owns 6,561 shares of the software maker’s stock valued at $1,575,000 after buying an additional 352 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Workday by 40.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,048 shares of the software maker’s stock valued at $732,000 after buying an additional 871 shares during the period. Finally, Grimes & Company Inc. purchased a new position in shares of Workday during the second quarter valued at approximately $7,019,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,023 shares of company stock worth $42,117,830. 20.00% of the stock is owned by company insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $233.17 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $62.26 billion, a P/E ratio of 107.95, a P/E/G ratio of 2.97 and a beta of 1.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The firm’s 50 day moving average is $229.94 and its two-hundred day moving average is $237.18.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.75 earnings per share. Workday’s 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. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Oppenheimer reduced their price objective on shares of Workday from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Evercore ISI upped their price objective on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Citigroup reduced their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.83.

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.