Workday, Inc. $WDAY Stock Position Increased by Morningstar Investment Management LLC

Morningstar Investment Management LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 127.2% during the 4th quarter, HoldingsChannel reports. The firm owned 27,043 shares of the software maker’s stock after buying an additional 15,138 shares during the quarter. Morningstar Investment Management LLC’s holdings in Workday were worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WDAY. Brighton Jones LLC lifted its position in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC raised its position in shares of Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after buying an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Workday during the 2nd quarter worth about $281,000. Finally, NewEdge Advisors LLC raised its position in shares of Workday by 32.0% during the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after buying an additional 1,600 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday posted Q1 adjusted EPS of $2.66 versus estimates of $2.49, while revenue rose 13.5% year over year to $2.54 billion, topping forecasts. Workday Announces Fiscal 2027 First Quarter Financial Results
• Positive Sentiment: Management raised its full-year non-GAAP operating margin guidance to 30.5%, signaling stronger profitability and helping fuel the stock’s rebound. Workday pops as Q1 results guidance top estimates
• Positive Sentiment: Analysts highlighted growing AI monetization, noting that Workday’s AI features and agentic roadmap are starting to show up in contract value and customer adoption. Workday’s AI Momentum Continues as Solid Q1 Results Posted, RBC Says
• Positive Sentiment: Several Wall Street firms responded with constructive commentary and price-target updates after the beat, reinforcing sentiment that the quarter was solid and the setup remains favorable. These Analysts Revise Their Forecasts On Workday Following Q1 Results
• Neutral Sentiment: Some analysts remain cautious, calling the post-earnings move more of a relief rally and noting that the stock is still expensive relative to fundamentals. WDAY Stock’s Gains Following Q1 Beat Fails to Unite Wall Street – This Analyst Believes Post-Earnings Rise Feels More Like Relief Rally
• Negative Sentiment: Citi and other firms trimmed price targets, reflecting lingering concerns about valuation and execution even after the strong quarter. Workday Rallies On ‘Low Bar’ Beat As AI Starts To Show Up In Contract Value

Analyst Upgrades and Downgrades

A number of research firms have commented on WDAY. Mizuho dropped their price target on shares of Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Oppenheimer restated an “outperform” rating and set a $165.00 price target on shares of Workday in a research report on Friday. Citigroup restated a “market perform” rating on shares of Workday in a research report on Friday. Loop Capital set a $210.00 price target on shares of Workday in a research report on Thursday, March 12th. Finally, Citizens Jmp downgraded shares of Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.48.

Workday Stock Performance

Workday stock opened at $128.14 on Monday. The firm’s 50 day simple moving average is $125.91 and its 200-day simple moving average is $168.79. The company has a market cap of $32.93 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $257.09.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 13.92%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 5.12 EPS for the current year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $13,631,158.24. 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 Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the transaction, the insider directly owned 165,074 shares in the company, valued at approximately $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is currently owned by insiders.

Workday Company 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.