Workday, Inc. $WDAY Shares Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 972.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,811 shares of the software maker’s stock after purchasing an additional 5,269 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Workday were worth $1,248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after purchasing an additional 3,210,232 shares during the last quarter. State Street Corp grew its holdings in Workday by 0.8% in the 3rd quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock valued at $2,328,959,000 after buying an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Workday by 47.5% in 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 buying an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC grew its holdings in Workday by 1.5% in 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 buying an additional 75,922 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Workday by 87.8% in the 4th quarter. First Eagle Investment Management LLC now owns 4,338,773 shares of the software maker’s stock valued at $931,882,000 after buying an additional 2,028,085 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results beat expectations, with revenue and earnings topping estimates and management highlighting renewed momentum in the core business plus stronger AI-driven demand for HR and finance automation. This has supported the stock’s recent move higher.
• Positive Sentiment: Workday expanded its strategic partnership with Google Cloud to bring AI agents for HR and finance into Gemini Enterprise and daily workflows, reinforcing the company’s AI product story and potentially improving long-term adoption. Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees’ Daily Workflows
• Positive Sentiment: Analyst coverage has been constructive, with commentary around Workday being a top momentum and value name, and Bank of America reportedly reinstating coverage while acknowledging the strength of its sticky enterprise software franchise.
• Positive Sentiment: Broader software sentiment improved after Snowflake’s strong results eased fears that AI would displace subscription software, which helped lift Workday and other SaaS names as investors rotated back into AI-enabled enterprise platforms.
• Neutral Sentiment: Workday also announced a deeper Google Cloud integration for AI agents and other product enhancements, which is strategically important but still needs time to translate into sustained revenue acceleration.
• Negative Sentiment: Despite the recent rebound, Workday remains well below its 52-week high and has lagged the broader market over the past year, so some investors may still view the rally as a recovery move rather than a full trend reversal.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $13,631,158.24. This trade represents a 50.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the transaction, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. 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 have sold a total of 989,814 shares of company stock valued at $131,576,291 over the last 90 days. 18.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WDAY has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Workday in a report on Friday, May 22nd. Wolfe Research restated an “outperform” rating and issued a $160.00 target price on shares of Workday in a report on Friday, May 22nd. Mizuho dropped their target price on Workday from $275.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Needham & Company LLC lowered their price target on Workday from $300.00 to $180.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, William Blair upgraded Workday to a “strong-buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.03.

Workday Stock Performance

NASDAQ WDAY opened at $146.19 on Friday. The stock has a market cap of $37.57 billion, a PE ratio of 45.68, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 1.32 and a debt-to-equity ratio of 0.30. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $257.09. The stock has a fifty day simple moving average of $125.60 and a 200-day simple moving average of $165.78.

Workday (NASDAQ:WDAY) last released its quarterly 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 return on equity of 14.75% and a net margin of 8.60%.The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business posted $2.23 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 5.19 earnings per share for the current year.

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.