Workday, Inc. $WDAY Shares Bought by Allstate Corp

Allstate Corp increased its position in Workday, Inc. (NASDAQ:WDAY) by 118.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,465 shares of the software maker’s stock after acquiring an additional 9,466 shares during the period. Allstate Corp’s holdings in Workday were worth $3,751,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WDAY. Rakuten Securities Inc. acquired a new stake in shares of Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the third quarter valued at $26,000. LRI Investments LLC acquired a new stake in shares of Workday in the fourth quarter valued at $29,000. JPL Wealth Management LLC acquired a new stake in shares of Workday in the third quarter valued at $30,000. Finally, eCIO Inc. acquired a new stake in shares of Workday in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WDAY shares. Cantor Fitzgerald cut their price objective on Workday from $200.00 to $160.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $216.00 price objective on shares of Workday in a report on Friday, May 22nd. Evercore lowered Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a report on Wednesday, February 25th. Jefferies Financial Group upped their price objective on Workday from $115.00 to $140.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Workday in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total transaction of $769,320.00. Following the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at $27,942,984.60. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, insider Gerrit S. Kazmaier sold 9,356 shares of the company’s stock in a transaction on 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 directly owned 165,074 shares in the company, valued at $21,193,850.86. The trade was 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. Insiders sold 989,814 shares of company stock valued at $131,576,291 over the last ninety days. Company insiders own 18.64% of the company’s stock.

Workday Stock Up 0.4%

Shares of Workday stock opened at $124.50 on Thursday. The stock’s fifty day moving average is $125.42 and its 200-day moving average is $166.59. The firm has a market capitalization of $32.00 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $257.09.

Workday (NASDAQ:WDAY) last announced 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 company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.23 earnings per share. Equities analysts anticipate that Workday, Inc. will post 5.13 earnings per share for the current year.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday introduced new AI capabilities for Adaptive Planning, including “Adaptive Decision Intelligence,” designed to let finance teams ask questions in natural language, run scenarios, and commit decisions faster. The launch suggests continued AI-driven product innovation that could support longer-term demand. Article title: Workday Introduces Adaptive Decision Intelligence, Bringing Planning Questions, Scenarios, and Decisions Into One AI Experience
• Positive Sentiment: The company also launched new AI tools aimed at easing FP&A workflows, reinforcing the view that Workday can monetize AI by automating time-consuming finance tasks. Article title: Workday launches AI tool aimed at easing FP&A workflows
• Positive Sentiment: Recent coverage highlighted that Workday beat quarterly earnings estimates and raised its full-year margin outlook, which helped fuel a recent rebound in the stock. Article title: Workday Stock Pops on Earnings Results. A Long-Awaited Turnaround Could Finally Be Here.
• Neutral Sentiment: Several market notes pointed to strong analyst upside targets, with average price targets implying meaningful upside from current levels, though these were presented more as valuation commentary than a fresh catalyst. Article title: How Much Upside is Left in Workday (WDAY)? Wall Street Analysts Think 46.84%
• Neutral Sentiment: Bank of America reinstated Workday at Neutral with a $140 price target, saying it remains a high-quality SaaS franchise but faces limited near-term catalysts as growth moderates. That more cautious stance may be capping enthusiasm despite the solid product story. Article title: Workday viewed as high-quality but maturing SaaS franchise with limited near-term catalysts
• Negative Sentiment: BofA also warned that AI could pressure Workday’s per-seat pricing model, raising concerns that new technology may improve products but compress pricing over time. Article title: Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model
• Negative Sentiment: Goldman Sachs lowered its price target on Workday, another sign that some analysts see less upside ahead after the recent rebound. Article title: Workday price target lowered by The Goldman Sachs Group, Inc.

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.