ICICI Prudential Asset Management Co Ltd Grows Stake in Workday, Inc. $WDAY

ICICI Prudential Asset Management Co Ltd raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 187.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 32,232 shares of the software maker’s stock after buying an additional 21,025 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Workday were worth $7,759,000 at the end of the most recent quarter.

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

Workday Stock Down 1.8%

NASDAQ:WDAY opened at $140.02 on Friday. The firm has a 50-day simple moving average of $189.63 and a two-hundred day simple moving average of $215.58. The firm has a market cap of $36.83 billion, a P/E ratio of 58.83, a P/E/G ratio of 1.22 and a beta of 1.13. Workday, Inc. has a fifty-two week low of $139.38 and a fifty-two week high of $281.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.15. The company 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 quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 earnings per share. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 82,884 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 370,321 shares of company stock valued at $78,866,401. Insiders own 19.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Workday from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. DA Davidson dropped their price target on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Citigroup decreased their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, Morgan Stanley raised their price objective on Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $255.90.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Guggenheim reiterated a Buy rating and keeps a notably high $285 price target, signaling confidence in Workday’s long‑term growth runway and AI opportunity. Guggenheim Reiterates Buy for Workday (NASDAQ:WDAY)
• Positive Sentiment: Rosenblatt Securities upgraded WDAY to Buy, adding another supportive voice that may attract growth-focused investors. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: TD Cowen’s Derrick Wood kept a Buy rating, citing AI‑driven growth and strategic M&A as key positives, although he trimmed the price target to $200 — suggesting upside remains but nearer‑term execution/visibility concerns persist. Workday: AI-Driven Growth and Strategic Acquisitions Underscore Buy Rating Despite Macro and Leadership Headwinds
• Positive Sentiment: A Seeking Alpha piece argues WDAY is oversold with material upside potential, which may attract value‑oriented traders looking for mean‑reversion. Workday: Oversold With Material Upside Potential
• Positive Sentiment: Workday’s founder has returned as CEO and is refocusing the AI roadmap and investor communications — a leadership move that could improve strategic clarity over time. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Neutral Sentiment: Analysts and previews (Zacks) are digging into Q4 metrics beyond top‑line EPS to find cues on subscription growth and margin leverage ahead of results — items that could swing sentiment at earnings time. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Neutral Sentiment: Partner news: Interact announced Workday integration for its AI‑native employee experience platform — a tactical positive for product ecosystem but unlikely to move the stock materially on its own. Interact Expands its Employee Experience Platform with New AI‑Native Features and Workday Integration
• Neutral Sentiment: Zacks published a roundup explaining the recent share decline, which helps frame the market reaction but doesn’t point to a single clear catalyst. Here’s Why Workday (WDAY) Fell More Than Broader Market
• Negative Sentiment: Citizens Jmp downgraded WDAY from Outperform to Market Perform, reducing near‑term conviction among institutional holders and adding selling pressure. Workday (NASDAQ:WDAY) Rating Lowered to “Market Perform” at Citizens Jmp
• Negative Sentiment: BMO cut its price target to $204 and Oppenheimer signaled lower expectations, both moves that trim upside and contribute to the cautious tone among investors. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00 Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price

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.