Axxcess Wealth Management LLC Buys Shares of 9,004 Workday, Inc. $WDAY

Axxcess Wealth Management LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, Holdings Channel.com reports. The firm bought 9,004 shares of the software maker’s stock, valued at approximately $1,934,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Workday by 230.2% during the fourth 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 period. Empowered Funds LLC increased its holdings in shares of Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Workday during the second quarter valued at $281,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Workday by 32.0% during the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after purchasing an additional 1,600 shares during the period. 89.81% of the stock is currently owned by institutional investors.

More Workday News

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 Ratings Changes

WDAY has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price target on Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Cantor Fitzgerald lowered their price target on Workday from $200.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen reissued a “hold” rating on shares of Workday in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Workday in a report on Friday. Finally, Evercore lowered Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target on the stock. in a report on Wednesday, February 25th. One 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.48.

Insider Transactions at Workday

In related news, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction dated 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 transaction, the insider directly owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction dated Tuesday, March 31st. The stock was 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 in the company, valued at approximately $13,631,158.24. The trade was a 50.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is owned by corporate insiders.

Workday Price Performance

NASDAQ:WDAY opened at $128.14 on Monday. The business’s 50-day moving average price is $125.91 and its 200 day moving average price is $168.79. The firm has a market cap of $32.93 billion, a P/E ratio of 40.04, a PEG ratio of 1.24 and a beta of 1.04. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

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