Workday, Inc. $WDAY Shares Sold by PNC Financial Services Group Inc.

Posted by Bonnie Powley on May 23rd, 2026

PNC Financial Services Group Inc. lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,708 shares of the software maker’s stock after selling 5,308 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Workday were worth $22,704,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WDAY. Vanguard Group Inc. lifted its stake in shares of Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Workday during the 3rd quarter worth $556,252,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares during the period. Finally, Generation Investment Management LLP lifted its stake in shares of Workday by 50.4% during the 3rd quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker’s stock worth $743,229,000 after purchasing an additional 1,034,589 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday posted Q1 adjusted EPS of $2.66 versus estimates of $2.49, while revenue rose 13.5% year over year to $2.54 billion, topping forecasts. Workday Announces Fiscal 2027 First Quarter Financial Results
Positive Sentiment: Management raised its full-year non-GAAP operating margin guidance to 30.5%, signaling stronger profitability and helping fuel the stock’s rebound. Workday pops as Q1 results guidance top estimates
Positive Sentiment: Analysts highlighted growing AI monetization, noting that Workday’s AI features and agentic roadmap are starting to show up in contract value and customer adoption. Workday’s AI Momentum Continues as Solid Q1 Results Posted, RBC Says
Positive Sentiment: Several Wall Street firms responded with constructive commentary and price-target updates after the beat, reinforcing sentiment that the quarter was solid and the setup remains favorable. These Analysts Revise Their Forecasts On Workday Following Q1 Results
Neutral Sentiment: Some analysts remain cautious, calling the post-earnings move more of a relief rally and noting that the stock is still expensive relative to fundamentals. WDAY Stock’s Gains Following Q1 Beat Fails to Unite Wall Street – This Analyst Believes Post-Earnings Rise Feels More Like Relief Rally
Negative Sentiment: Citi and other firms trimmed price targets, reflecting lingering concerns about valuation and execution even after the strong quarter. Workday Rallies On ‘Low Bar’ Beat As AI Starts To Show Up In Contract Value

Workday Trading Up 5.2%

WDAY stock opened at $128.14 on Friday. The company has a market cap of $32.93 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 1.18 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $125.91 and a 200-day simple moving average of $169.28. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $257.09.

Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.92% and a net margin of 8.60%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS. On average, equities research analysts expect that Workday, Inc. will post 5.11 EPS for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $112.33, for a total transaction of $12,075,475.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $11,800,154.17. This represents a 50.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total value of $1,201,216.84. Following the sale, the insider owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WDAY shares. BTIG Research reissued a “buy” rating and set a $175.00 price target on shares of Workday in a research note on Monday, May 18th. Citizens Jmp lowered Workday from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Morgan Stanley reduced their price target on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Citigroup reissued a “market perform” rating on shares of Workday in a research note on Friday. Finally, Guggenheim reduced their price target on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $189.48.

Read Our Latest Report on WDAY

Workday Profile

(Free Report)

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.