Workday, Inc. $WDAY Position Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 32.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,718 shares of the software maker’s stock after acquiring an additional 6,048 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Workday were worth $5,950,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Workday by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after purchasing an additional 515,529 shares in the last quarter. State Street Corp lifted its holdings in Workday by 3.3% during the 2nd quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock worth $2,304,124,000 after buying an additional 303,713 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Workday by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after buying an additional 140,042 shares during the last quarter. Invesco Ltd. grew its position in shares of Workday by 10.4% in the 2nd quarter. Invesco Ltd. now owns 2,187,137 shares of the software maker’s stock worth $524,913,000 after acquiring an additional 205,403 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Workday by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 2,109,998 shares of the software maker’s stock valued at $506,399,000 after acquiring an additional 30,750 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several research analyst reports. Stifel Nicolaus reduced their price objective on Workday from $255.00 to $235.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Wednesday, November 26th. Guggenheim reaffirmed a “buy” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday, November 26th. Finally, Rosenblatt Securities assumed coverage on Workday in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $281.59.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Recent results remain supportive: Workday beat Q3 estimates (EPS and revenue grew ~12.6% year-over-year), underlining steady subscription/enterprise demand. Read More.
• Positive Sentiment: Analyst coverage is skewed bullish — consensus is a “Moderate Buy” with an average target (~$281.59), giving upside vs. current levels and supporting longer-term investor interest. Read More.
• Neutral Sentiment: Large institutional ownership (around 90%) and recent institutional moves (e.g., Norges Bank establishing a sizable position) mean changes in fund flows can materially affect shares, but this is a mixed signal depending on whether institutions add or trim. Read More.
• Neutral Sentiment: Media mention: WDAY appeared in recent stock-watch lists, keeping it on investors’ radar but not providing a clear directional trigger. Read More.
• Negative Sentiment: Significant insider selling: co-founder/major shareholder David A. Duffield sold 82,884 shares (~$17.4M), a ~44% reduction in his holding — a large, disclosed block that can amplify downward pressure. Read More.
• Negative Sentiment: Multiple executive-level sales reported this week (CAO Mark Garfield sold 953 shares; CFO and other senior execs also reported multi-thousand-share / multi-million-dollar disposals) — these clustered sales raise short-term liquidity concerns. Read More. Read More.
• Negative Sentiment: Technical/valuation headwinds: shares sit below their 50- and 200-day moving averages and the stock’s P/E is elevated, which can magnify downside when insiders are selling and momentum is weak. Read More.

Insider Buying and Selling at Workday

In related news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction on Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the sale, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the transaction, the chief executive officer owned 17,097 shares in the company, valued at $3,590,370. This trade represents a 15.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last 90 days. 19.31% of the stock is currently owned by insiders.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $207.18 on Friday. The company has a market cap of $54.49 billion, a P/E ratio of 87.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. Workday, Inc. has a 12-month low of $202.22 and a 12-month high of $283.68. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $219.85 and its two-hundred day moving average is $228.39.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.