DNB Asset Management AS Purchases 4,134 Shares of Workday, Inc. $WDAY

DNB Asset Management AS raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,208 shares of the software maker’s stock after buying an additional 4,134 shares during the period. DNB Asset Management AS’s holdings in Workday were worth $10,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new stake in shares of Workday during the second quarter worth about $25,000. Berbice Capital Management LLC raised its position in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the period. Root Financial Partners LLC bought a new stake in shares of Workday in the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Workday during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group lowered Workday from a “buy” rating to a “hold” rating and dropped their price target for the stock from $325.00 to $150.00 in a research note on Monday, February 23rd. DA Davidson reduced their price objective on shares of Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank Of Canada dropped their target price on shares of Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Finally, Mizuho decreased their price target on shares of Workday from $275.00 to $210.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $205.19.

Insider Transactions at Workday

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the transaction, the chief financial officer owned 159,158 shares of the company’s stock, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is currently owned by corporate insiders.

Workday Price Performance

Shares of WDAY opened at $133.76 on Friday. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The firm’s 50-day simple moving average is $179.53 and its two-hundred day simple moving average is $211.86. The stock has a market cap of $35.18 billion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 EPS. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Insperity partnership expands Workday into the SMB market with the general availability of Insperity HRScale, pairing Workday HCM with outsourced HR services — a tangible route to new recurring revenue and smaller-account penetration. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Healthcare integrations: Kahuna and Skillcentrix will bring clinically validated skills data into Workday for frontline healthcare workforces, strengthening industry-specific stickiness and compliance value of the platform. Kahuna and Skillcentrix Partner to Bring Trusted, Clinically Validated Skills Data into Workday
• Positive Sentiment: Bullish coverage and buyback/institutional support arguments note solid Q4 execution (revenue and EPS beat, margin expansion) and argue the pullback presents a long-term buying opportunity. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Q4 results mixed: revenue and EPS topped expectations and margins improved, but management issued softer near-term guidance (2027), creating uncertainty around growth cadence despite operating leverage. Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder
• Neutral Sentiment: Analyst reactions are mixed — some firms raised or maintained Buy ratings and raised targets, while many cut price targets after the guidance miss; that spread increases short-term volatility as investors sort the outlook. Workday Given New $206.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Significant analyst downgrades and price-target cuts (e.g., DA Davidson to $125, Citi cut to $148, UBS to $130 and multiple others) have pressured the stock and triggered a gap down in early trading. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Macro/sector risk: renewed AI-selloff and skepticism about how AI will reshape enterprise software have depressed valuation multiples across SaaS names and increased investor risk aversion for names like Workday. Commentary from high‑profile commentators has added to the negative sentiment. Will AI Kill Software? Fear Creeps Beyond ‘Saaspocalypse,’ Hits IBM, DoorDash
• Negative Sentiment: Market reaction driven by guidance cut and executive leadership change (co‑founder Aneel Bhusri returning as CEO) increased uncertainty and likely accelerated selling pressure. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return

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.