Motley Fool Asset Management LLC Raises Stock Position in Workday, Inc. $WDAY

Motley Fool Asset Management LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,342 shares of the software maker’s stock after acquiring an additional 5,995 shares during the period. Motley Fool Asset Management LLC’s holdings in Workday were worth $5,873,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Eagle Investment Management LLC purchased a new position in shares of Workday in the 3rd quarter valued at $556,252,000. Norges Bank purchased a new position in shares of Workday in the 4th quarter valued at $448,804,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Workday by 18.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker’s stock valued at $122,804,000 after acquiring an additional 88,384 shares during the period. Morningstar Investment Management LLC raised its stake in shares of Workday by 127.2% in the 4th quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker’s stock valued at $5,808,000 after acquiring an additional 15,138 shares during the period. Finally, Sienna Gestion purchased a new position in shares of Workday in the 3rd quarter valued at $7,948,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WDAY shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $216.00 target price on shares of Workday in a research note on Friday, May 22nd. Morgan Stanley lowered their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. DA Davidson set a $135.00 price target on shares of Workday in a report on Tuesday, May 26th. Citigroup reaffirmed a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Workday in a report on Friday, May 22nd. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $185.03.

Workday Price Performance

WDAY opened at $140.23 on Wednesday. The company has a fifty day simple moving average of $127.88 and a 200 day simple moving average of $161.45. The firm has a market cap of $34.64 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 1.52 and a beta of 1.09. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $257.09. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last released its quarterly 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 business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $2.23 EPS. Equities research analysts expect that Workday, Inc. will post 5.41 EPS for the current fiscal year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $13,631,158.24. This trade represents a 50.58% decrease in their position. The sale 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. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the firm’s stock in a transaction on 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 approximately $21,193,850.86. This represents a 5.36% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 774,814 shares of company stock valued at $102,101,941 in the last 90 days. 18.64% of the stock is currently owned by insiders.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported solid fiscal Q1 results in late May, beating EPS and revenue estimates and raising operating margin guidance, which supports the longer-term bull case. Workday slips 3.6% as investors weigh recent guidance, downgrades, and fresh insider-sale disclosures
• Positive Sentiment: AvidXchange launched its payment automation integration for Workday Marketplace, adding to Workday’s ecosystem and potentially strengthening platform value. AvidXchange Completes Workday Integration
• Positive Sentiment: Workday announced expanding momentum in Canada’s public sector, which points to continued customer wins and broader AI-driven modernization demand. Workday Expands Public Sector Footprint in Canada as Government Accelerates AI Modernization
• Neutral Sentiment: Syssero was named a Workday deployment partner, a modest ecosystem-positive update that is unlikely to move the stock on its own. Syssero Named Workday Deployment Partner
• Negative Sentiment: Shares are under pressure from continued concerns about valuation, analyst caution after earnings, and fresh insider-sale disclosures tied to major shareholder David Duffield, which can weigh on near-term sentiment. Workday (NASDAQ:WDAY) Major Shareholder Sells $16,077,700.00 in Stock
• Negative Sentiment: Broader market commentary also highlighted Workday among stocks “plunging,” reinforcing a risk-off tone around the name. Workday, Oracle, and Palantir Technologies shares plummet, what you need to know

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.