Campbell & CO Investment Adviser LLC Makes New Investment in Workday, Inc. $WDAY

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,535 shares of the software maker’s stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its stake in Workday by 1.0% in the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after acquiring an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after purchasing an additional 46 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock worth $2,778,000 after purchasing an additional 46 shares in the last quarter. Bristlecone Advisors LLC grew its stake in Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock worth $693,000 after buying an additional 47 shares during the last quarter. Finally, Equitable Trust Co. increased its position in Workday by 4.0% during the 1st quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock valued at $294,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. DA Davidson boosted their price target on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Oppenheimer lowered their target price on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Bank of America cut their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Cowen reiterated a “buy” rating on shares of Workday in a research note 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 investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.86.

Insider Activity

In related news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at approximately $39,189,026.16. This trade represents a 3.44% 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 hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares in the company, valued at approximately $21,246,461.99. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 264,933 shares of company stock valued at $61,475,760 over the last 90 days. Company insiders own 19.31% of the company’s stock.

Workday Trading Up 3.3%

Shares of Workday stock opened at $230.82 on Friday. The stock has a market cap of $61.63 billion, a PE ratio of 106.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. The firm has a fifty day moving average price of $234.43 and a 200 day moving average price of $237.99. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. 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 (NASDAQ:WDAY) last announced its quarterly 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. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

About Workday

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.