Workday, Inc. $WDAY Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 94,602 shares of the software maker’s stock after purchasing an additional 3,841 shares during the period. NewEdge Wealth LLC’s holdings in Workday were worth $21,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WDAY. AlphaQuest LLC grew its stake in Workday by 636.7% during the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after buying an additional 1,630 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in Workday during the 3rd quarter worth $1,805,000. Phoenix Financial Ltd. acquired a new stake in Workday in the 3rd quarter valued at $2,000,000. Rakuten Investment Management Inc. purchased a new position in Workday in the third quarter valued at about $124,718,000. Finally, Norges Bank acquired a new position in shares of Workday during the second quarter worth about $442,702,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” rating and kept a high $285 price target, signaling continued confidence in long‑term upside. Guggenheim reaffirmed buy on WDAY
• Positive Sentiment: Rosenblatt upgraded WDAY to a “buy” (from hold) with a $180 target, providing a nearer‑term constructive view on the name. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlighting the return of a founder/CEO and renewed AI emphasis has supported the narrative that shares may be undervalued if Workday can monetize AI across its HCM/finance products. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Partner news: Interact announced new AI‑native features and a Workday integration — a product tie that can help adoption but is not a material earnings catalyst on its own. Interact expands platform with Workday integration
• Neutral Sentiment: Reminder: Workday is scheduled to report earnings next week, which can amplify moves as analysts and investors update forecasts. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Citizens JMP downgraded WDAY from “outperform” to “market perform,” reducing near‑term analyst enthusiasm. Citizens downgrades Workday (WDAY)
• Negative Sentiment: BMO cut its price target sharply (from $285 to $204), signaling reduced conviction on upside versus prior estimates. Workday price target lowered by BMO
• Negative Sentiment: Oppenheimer trimmed its target from $270 to $200 (still an outperform rating), a further sign that some analysts are tempering growth/valuation assumptions. Workday price target lowered by Oppenheimer
• Negative Sentiment: Zacks flagged that Workday may not have the ideal setup to deliver an earnings beat in the upcoming report, which could add downside risk around the print. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 82,884 shares of Workday stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $22,034,027.75. The trade was a 44.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total value of $784,616.07. Following the completion of the sale, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. This trade represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 370,321 shares of company stock worth $78,866,401. 19.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Workday in a report on Monday, February 9th. Citizens Jmp lowered shares of Workday from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Zacks Research downgraded shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $285.00 price target on shares of Workday in a report on Wednesday. Finally, Evercore set a $200.00 price objective on shares of Workday in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.90.

Workday Price Performance

Shares of WDAY opened at $142.63 on Thursday. Workday, Inc. has a 52 week low of $139.38 and a 52 week high of $281.00. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a market cap of $37.51 billion, a price-to-earnings ratio of 59.93, a PEG ratio of 1.22 and a beta of 1.13. The stock has a 50 day moving average of $191.31 and a 200-day moving average of $216.11.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS 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.