North Dakota State Investment Board Invests $1.59 Million in Workday, Inc. $WDAY

North Dakota State Investment Board purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,378 shares of the software maker’s stock, valued at approximately $1,585,000.

Several other institutional investors also recently modified their holdings of WDAY. 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 worth $1,033,000 after buying an additional 2,792 shares in the last quarter. 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 worth $2,602,000 after buying an additional 1,206 shares in the last quarter. 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 worth $44,000 after buying an additional 127 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Workday during the second quarter worth $281,000. Finally, NewEdge Advisors LLC increased its holdings in Workday by 32.0% in 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 and hedge funds.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several recent research reports. Jefferies Financial Group downgraded Workday from a “buy” rating to a “hold” rating and cut their target price for the stock from $325.00 to $150.00 in a report on Monday, February 23rd. Royal Bank Of Canada cut their price objective on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Stifel Nicolaus set a $175.00 target price on Workday in a report on Monday, February 9th. JPMorgan Chase & Co. reduced their target price on Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group reduced their target price on Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.71.

Workday Price Performance

WDAY stock opened at $129.34 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50-day moving average is $126.94 and its 200-day moving average is $171.14. The stock has a market capitalization of $33.24 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 1.25 and a beta of 1.04. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $274.65.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating the consensus estimate of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Equities research analysts expect that Workday, Inc. will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $112.33, for a total value of $12,075,475.00. Following the completion of the sale, the insider directly owned 105,049 shares in the company, valued at $11,800,154.17. This trade represents a 50.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 firm’s stock in a transaction dated 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 completion of the sale, the insider 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. 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 a total of 989,814 shares of company stock worth $131,576,291 over the last 90 days. 18.64% of the stock is owned by company insiders.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday is expanding its India workforce and increasing AI investment, which supports its growth strategy and could improve long-term adoption of its enterprise software. Workday to keep expanding Indian workforce, deepen AI investments, executive says
• Positive Sentiment: Workday announced an AI-focused partnership with Anthropic and the Local Initiatives Support Corporation to launch its Foundation Solopreneurship Accelerator Program, reinforcing its AI positioning and enterprise ecosystem. Workday (WDAY) Partners With Anthropic and the Local Initiatives Support Corporation
• Positive Sentiment: BTIG reiterated a buy rating and set a $175 price target, implying meaningful upside if Workday’s execution holds up. Benzinga report on BTIG reaffirming Workday buy rating
• Neutral Sentiment: Workday is set to report fiscal Q1 2027 results on May 21, and investors are watching for continued revenue growth driven by demand for HCM, finance, and AI-powered products. Can Healthy Revenue Growth Boost Workday’s Q1 Earnings?
• Negative Sentiment: BWG Global downgraded Workday to Negative from Mixed after partner checks showed sentiment deteriorated further during fiscal Q1, which is a fresh warning sign for near-term demand. BWG Global Downgrades Workday, Inc. (WDAY)
• Negative Sentiment: Citi also cut Workday to Neutral and lowered its price target, adding to concerns that the stock may face limited near-term upside ahead of earnings. Another Wall Street giant drops hammer on Workday stock price target

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.