Public Employees Retirement System of Ohio Takes $7.17 Million Position in Workday, Inc. $WDAY

Public Employees Retirement System of Ohio purchased a new stake in Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,588 shares of the software maker’s stock, valued at approximately $7,172,000.

A number of other hedge funds have also recently bought and sold shares of WDAY. Auto Owners Insurance Co raised its position in shares of Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. State Street Corp increased its stake in shares of Workday by 1.0% in the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after buying an additional 96,139 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Workday by 47.5% in the third 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 acquiring an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC boosted its stake in Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after acquiring an additional 75,922 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Workday by 101.4% in the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WDAY shares. The Goldman Sachs Group lifted their price target on Workday from $151.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley upped their price objective on Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday. BMO Capital Markets lifted their target price on Workday from $182.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Wall Street Zen downgraded Workday from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Cantor Fitzgerald dropped their price target on Workday from $220.00 to $205.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.34.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results exceeded expectations, with adjusted earnings of $2.75 per share versus the $2.61 consensus estimate and revenue of $2.65 billion, slightly above forecasts. Revenue rose 12.8% year over year, while expanding operating margins and stronger AI adoption support the case for continued earnings growth. Workday Crushed Every Estimate. An Analyst Downgraded It Anyway. WDAY’s Operating Margin Expands
• Positive Sentiment: BDO Canada is partnering with Workday to help organizations modernize human resources, finance and planning, potentially expanding Workday’s reach through a major implementation and consulting channel. Bright Horizons also joined the Workday Wellness Partner Program, adding ecosystem support for employee benefits and family-care services. BDO Canada partnership Bright Horizons partnership
• Positive Sentiment: Long-term investment commentary highlights Workday’s recurring-revenue model, enterprise positioning and potential to benefit from AI-driven demand, supporting the growth-stock narrative. Why Workday is a Top Growth Stock
• Neutral Sentiment: Workday will hold its annual Financial Analyst Day on October 13, giving investors a potential source of updated strategy, financial targets and AI-related guidance. Workday Financial Analyst Day
• Neutral Sentiment: Technical analysts said WDAY was testing resistance near $205 after its post-earnings rally, making a breakout possible but signaling that near-term gains may depend on clearing that level. Workday Technical Analysis
• Negative Sentiment: At least one analyst downgraded Workday despite the earnings beat, indicating that elevated expectations or valuation may already reflect much of the company’s strong execution. Investors are also monitoring competition from AI-native ERP startup Rillet, which is pitching agent-based software as an alternative to established providers such as Workday, Oracle and SAP. AI ERP competition

Workday Trading Up 0.5%

Shares of NASDAQ WDAY opened at $198.38 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 40.24, a P/E/G ratio of 1.97 and a beta of 1.08. The business has a fifty day simple moving average of $161.06 and a 200-day simple moving average of $141.40.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.Workday’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. Sell-side analysts predict that Workday, Inc. will post 5.35 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. 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 875,020 shares of company stock worth $113,938,503 over the last ninety days. 18.64% of the stock is currently owned by company insiders.

Workday Profile

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.