Geode Capital Management LLC Boosts Stock Position in Workday, Inc. $WDAY

Geode Capital Management LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,091,926 shares of the software maker’s stock after purchasing an additional 75,922 shares during the quarter. Geode Capital Management LLC’s holdings in Workday were worth $1,089,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Eagle Investment Management LLC purchased a new stake in Workday during the 3rd quarter valued at about $556,252,000. Robeco Institutional Asset Management B.V. boosted its holdings in Workday by 18.3% during 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. Sienna Gestion purchased a new stake in Workday during the 3rd quarter valued at about $7,948,000. Morningstar Investment Management LLC boosted its holdings in Workday by 127.2% during 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, Summit Global Investments purchased a new stake in Workday during the 3rd quarter valued at about $2,080,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results beat expectations, with revenue and earnings topping estimates and management highlighting renewed momentum in the core business plus stronger AI-driven demand for HR and finance automation. This has supported the stock’s recent move higher.
• Positive Sentiment: Workday expanded its strategic partnership with Google Cloud to bring AI agents for HR and finance into Gemini Enterprise and daily workflows, reinforcing the company’s AI product story and potentially improving long-term adoption. Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees’ Daily Workflows
• Positive Sentiment: Analyst coverage has been constructive, with commentary around Workday being a top momentum and value name, and Bank of America reportedly reinstating coverage while acknowledging the strength of its sticky enterprise software franchise.
• Positive Sentiment: Broader software sentiment improved after Snowflake’s strong results eased fears that AI would displace subscription software, which helped lift Workday and other SaaS names as investors rotated back into AI-enabled enterprise platforms.
• Neutral Sentiment: Workday also announced a deeper Google Cloud integration for AI agents and other product enhancements, which is strategically important but still needs time to translate into sustained revenue acceleration.
• Negative Sentiment: Despite the recent rebound, Workday remains well below its 52-week high and has lagged the broader market over the past year, so some investors may still view the rally as a recovery move rather than a full trend reversal.

Insider Activity at Workday

In other news, 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 of the company’s stock, valued at approximately $21,193,850.86. This represents a 5.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, 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 completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $13,631,158.24. This represents a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 989,814 shares of company stock valued at $131,576,291 in the last three months. Corporate insiders own 18.64% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several analyst reports. DA Davidson set a $135.00 target price on Workday in a report on Tuesday. HC Wainwright set a $140.00 target price on Workday in a report on Wednesday. Rosenblatt Securities dropped their target price on Workday from $180.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. KeyCorp increased their target price on Workday from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Summit Redstone set a $275.00 target price 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

Workday Trading Up 12.4%

WDAY opened at $146.19 on Friday. The business has a 50 day simple moving average of $125.60 and a two-hundred day simple moving average of $165.78. The firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.32. Workday, Inc. has a one year low of $110.36 and a one year high of $257.09.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS 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 return on equity of 14.75% and a net margin of 8.60%.Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.23 EPS. Analysts predict that Workday, Inc. will post 5.19 EPS for the current year.

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.