Workday, Inc. $WDAY Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 97.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,857 shares of the software maker’s stock after buying an additional 5,351 shares during the quarter. NewEdge Advisors LLC’s holdings in Workday were worth $1,411,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Strategic Investment Advisors MI increased its holdings in shares of Workday by 1.6% during the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares during the period. L2 Asset Management LLC lifted its stake in shares of Workday by 7.8% in the 4th quarter. L2 Asset Management LLC now owns 1,079 shares of the software maker’s stock worth $232,000 after acquiring an additional 78 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Workday by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,798 shares of the software maker’s stock valued at $5,326,000 after purchasing an additional 80 shares in the last quarter. Stevens Capital Management LP increased its position in shares of Workday by 4.3% during the 4th quarter. Stevens Capital Management LP now owns 2,054 shares of the software maker’s stock valued at $441,000 after purchasing an additional 84 shares during the period. Finally, Colonial Trust Co SC increased its position in shares of Workday by 45.8% during the 4th quarter. Colonial Trust Co SC now owns 280 shares of the software maker’s stock valued at $60,000 after purchasing an additional 88 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. HC Wainwright set a $140.00 price objective on Workday in a research note on Wednesday, May 27th. Citigroup reaffirmed a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. Morgan Stanley lowered Workday from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $185.00 to $145.00 in a report on Tuesday, July 21st. KeyCorp reiterated an “overweight” rating on shares of Workday in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Workday in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $187.36.

Insider Buying and Selling

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total transaction of $862,200.00. Following the transaction, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at approximately $41,451,702. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, insider Gerrit S. Kazmaier sold 2,728 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total value of $391,795.36. Following the completion of the sale, the insider directly owned 266,388 shares of the company’s stock, valued at approximately $38,258,644.56. This represents a 1.01% 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 three months, insiders have sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is currently owned by company insiders.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $198.68 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $49.07 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The firm has a 50 day simple moving average of $144.40 and a 200 day simple moving average of $138.94.

Workday (NASDAQ:WDAY) last posted 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. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $2.23 EPS. The company’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts expect that Workday, Inc. will post 5.38 earnings per share for the current year.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Private-equity firm Silver Lake is reportedly in discussions to acquire Workday in a potential transaction valued at roughly $43 billion. Analysts said a deal could provide a significant premium, with one estimate placing Workday’s takeover value at $240–$250 per share. However, the discussions remain preliminary, and there is no assurance that an agreement will be reached. Silver Lake in talks to buy Workday, sources say
• Positive Sentiment: Analysts and investors said a potential Workday buyout could restore confidence in beaten-down software valuations and encourage broader software mergers and acquisitions. The transaction may signal that private-equity firms still see durable value in enterprise software despite concerns about artificial-intelligence disruption. Workday buyout may restore confidence in battered software valuations
• Positive Sentiment: Workday recently reported quarterly revenue of $2.54 billion, up 13.5% year over year, while earnings exceeded analyst expectations. The company also maintained fiscal 2027 subscription-revenue guidance of $9.925 billion to $9.950 billion, supporting the view that the underlying business remains stable.
• Neutral Sentiment: Analyst reactions are mixed: Baird raised its target to $215 and maintained an outperform rating, while BMO reiterated a Buy rating with a $182 target. Piper Sandler reaffirmed Neutral with a $145 target, highlighting substantial disagreement over Workday’s standalone valuation.
• Negative Sentiment: With no definitive deal announcement or regulatory filing confirming terms, traders appear to be taking profits and reducing expectations that a transaction will close soon. Reported insider activity is also heavily weighted toward sales, including substantial selling by David Duffield, adding a cautionary signal.

About Workday

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.