Workday, Inc. $WDAY Stake Lowered by National Pension Service

National Pension Service cut its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357,141 shares of the software maker’s stock after selling 418,488 shares during the quarter. National Pension Service’s holdings in Workday were worth $76,707,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WDAY. Vanguard Group Inc. grew its holdings in shares of Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after purchasing an additional 3,210,232 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of Workday during the third quarter valued at approximately $556,252,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Workday by 41.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock valued at $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Finally, Generation Investment Management LLP grew its holdings in shares of Workday by 50.4% during the third quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker’s stock valued at $743,229,000 after purchasing an additional 1,034,589 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Key Headlines Impacting 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.

Workday Stock Performance

Shares of WDAY stock opened at $146.19 on Friday. The business has a 50 day simple moving average of $125.60 and a 200 day simple moving average of $165.78. 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 firm has a market capitalization of $37.57 billion, a price-to-earnings ratio of 45.68, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $257.09.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The firm 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%.The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $2.23 EPS. On average, equities research analysts anticipate that Workday, Inc. will post 5.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays raised Workday from an “overweight” rating to a “buy” rating in a report on Friday, May 22nd. Rosenblatt Securities decreased their price objective on Workday from $180.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Needham & Company LLC decreased their price objective on Workday from $300.00 to $180.00 and set a “buy” rating for the company in a report on Friday, May 22nd. KeyCorp increased their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Finally, Wolfe Research reissued an “outperform” rating and issued a $160.00 price objective on shares of Workday in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

Insiders Place Their Bets

In other Workday news, insider Gerrit S. Kazmaier sold 9,356 shares of the 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 completion of the transaction, the insider directly owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. This trade represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $13,631,158.24. The trade was a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 989,814 shares of company stock valued at $131,576,291. 18.64% of the stock is currently owned by corporate insiders.

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.