Mcrae Capital Management Inc. Purchases 5,597 Shares of Workday, Inc. $WDAY

Mcrae Capital Management Inc. grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,361 shares of the software maker’s stock after buying an additional 5,597 shares during the quarter. Workday accounts for approximately 3.0% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Mcrae Capital Management Inc.’s holdings in Workday were worth $14,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after acquiring an additional 3,210,232 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in Workday in the third quarter worth $556,252,000. Norges Bank bought a new position in Workday in the 4th quarter valued at $448,804,000. Hotchkis & Wiley Capital Management LLC increased its position 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 valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, insider Robert Enslin sold 5,373 shares of Workday stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the transaction, the insider directly owned 165,414 shares in the company, valued at approximately $21,406,225.74. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares in the company, valued at approximately $27,942,984.60. This represents a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 774,814 shares of company stock valued at $101,308,591 in the last quarter. Corporate insiders own 18.64% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a new integration between Workday Data Cloud and AWS, giving developers bi-directional, zero-copy access to governed HR and finance data. That could make Workday more attractive to enterprise customers building AI applications. Article Title
• Positive Sentiment: The company unveiled new developer tools for building, connecting, and verifying AI agents across HR, finance, and IT, including Developer Agent, Agent-Ready Tools, and Agent Passport. This strengthens Workday’s enterprise AI platform story. Article Title
• Positive Sentiment: Workday also launched Agent Passport to test, verify, and continuously monitor AI agents against security standards, with Cisco as a launch partner. That may help reassure enterprise buyers about AI safety and compliance. Article Title
• Neutral Sentiment: One report said Workday’s strong earnings were “conservative,” suggesting the company may be executing better than the stock reaction implies, but the market did not reward the results much. Article Title
• Neutral Sentiment: Brown Advisory said the “AI loser” label pressured Workday in Q1, highlighting that investors remain skeptical about whether the company will be seen as an AI winner despite its product momentum. Article Title
• Neutral Sentiment: Another article focused on Workday’s recent mixed returns and valuation debate, reinforcing that the stock’s longer-term performance and premium multiple remain key investor concerns. Article Title
• Negative Sentiment: Despite unveiling new AI capabilities at DevCon, Workday shares fell on the day, suggesting investors may be waiting for clearer monetization or adoption before bidding the stock higher. Article Title

Workday Trading Down 1.3%

Shares of Workday stock opened at $146.90 on Thursday. The stock has a market capitalization of $36.28 billion, a P/E ratio of 45.91, a P/E/G ratio of 1.64 and a beta of 1.09. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09. 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 stock’s 50-day simple moving average is $126.53 and its 200 day simple moving average is $163.77.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share 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 earned $2.23 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, research analysts anticipate that Workday, Inc. will post 5.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. Deutsche Bank Aktiengesellschaft cut their price target on shares of Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Loop Capital set a $210.00 price objective on shares of Workday in a research report on Thursday, March 12th. Robert W. Baird set a $195.00 target price on shares of Workday in a research note on Tuesday, February 24th. William Blair raised shares of Workday to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $185.03.

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.