Workday, Inc. $WDAY Stock Holdings Lifted by Employees Retirement System of Texas

Employees Retirement System of Texas raised its stake in Workday, Inc. (NASDAQ:WDAY) by 32.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,742 shares of the software maker’s stock after buying an additional 4,818 shares during the period. Employees Retirement System of Texas’ holdings in Workday were worth $4,240,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday in the third quarter valued at $26,000. LRI Investments LLC bought a new position in shares of Workday in the fourth quarter valued at $29,000. JPL Wealth Management LLC bought a new position in shares of Workday in the third quarter valued at $30,000. Finally, eCIO Inc. acquired a new stake in Workday during the 4th quarter worth about $36,000. Institutional investors own 89.81% of the company’s stock.

Key Stories 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.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction that occurred on 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 owned 105,049 shares in the company, valued at approximately $13,631,158.24. This represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the transaction, the insider owned 165,074 shares in the company, valued at $21,193,850.86. This represents a 5.36% decrease in their position. 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 worth $131,576,291 in the last 90 days. 18.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Barclays upgraded Workday from an “overweight” rating to a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their price objective on Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Workday in a report on Friday, May 22nd. Finally, Summit Redstone set a $275.00 price objective on Workday in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.03.

Workday Price Performance

Shares of WDAY opened at $124.50 on Thursday. The company has a market capitalization of $32.00 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 1.20 and a beta of 1.04. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $257.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.32. The business’s 50-day moving average is $125.42 and its 200-day moving average is $166.59.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. Equities research analysts expect that Workday, Inc. will post 5.13 EPS for the current fiscal year.

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.