First Trust Advisors LP Increases Holdings in Workday, Inc. $WDAY

First Trust Advisors LP raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,416,176 shares of the software maker’s stock after purchasing an additional 124,524 shares during the period. First Trust Advisors LP’s holdings in Workday were worth $183,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Temasek Holdings Private Ltd increased its stake in shares of Workday by 9.5% during the first quarter. Temasek Holdings Private Ltd now owns 889,318 shares of the software maker’s stock valued at $115,540,000 after buying an additional 77,330 shares during the period. PNC Financial Services Group Inc. lifted its stake in Workday by 17.1% in the first quarter. PNC Financial Services Group Inc. now owns 123,736 shares of the software maker’s stock worth $16,076,000 after acquiring an additional 18,028 shares during the period. Oslo Pensjonsforsikring AS purchased a new stake in Workday in the first quarter worth $229,000. Baader Bank Aktiengesellschaft bought a new stake in Workday in the first quarter valued at $428,000. Finally, Andra AP fonden increased its position in Workday by 22.3% during the 1st quarter. Andra AP fonden now owns 96,070 shares of the software maker’s stock valued at $12,481,000 after purchasing an additional 17,500 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WDAY. Morgan Stanley lowered shares of Workday from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $185.00 to $145.00 in a report on Tuesday. HC Wainwright set a $140.00 target price on shares of Workday in a research note on Wednesday, May 27th. Wells Fargo & Company increased their price target on shares of Workday from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Monness Crespi & Hardt upgraded Workday from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, June 25th. Finally, Jefferies Financial Group increased their target price on Workday from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $179.80.

Workday Trading Down 6.2%

Shares of NASDAQ WDAY opened at $132.42 on Thursday. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average of $132.74 and a 200 day moving average of $142.43. The stock has a market cap of $32.71 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company earned $2.23 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. As a group, sell-side analysts expect that Workday, Inc. will post 5.35 EPS for the current fiscal year.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.70, for a total value of $862,200.00. Following the sale, the chief financial officer directly owned 288,460 shares of the company’s stock, valued at approximately $41,451,702. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the transaction, the insider owned 105,049 shares of the company’s stock, valued at $12,820,179.96. 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. Insiders sold a total of 875,020 shares of company stock valued at $113,938,503 in the last 90 days. Corporate insiders own 18.64% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday launched Workday Learning, powered by Sana, now generally available as an AI-native learning experience built on Workday’s trusted data, adding another AI-focused offering that could support longer-term customer adoption and product momentum. Article Title
• Neutral Sentiment: Workday also announced details for Rising 2026, its annual customer conference, highlighting new AI themes such as agentic HR and agentic finance; this reinforces the company’s AI strategy but is not an immediate financial catalyst. Article Title
• Negative Sentiment: Shares have been weighed down by bearish analyst calls, including a Morgan Stanley downgrade to Underweight and a lower price target, with concerns that AI-driven growth will ramp gradually and that Workday’s core business is still slowing. Article Title
• Negative Sentiment: Unusually heavy put option activity suggests traders are positioning for more downside, which can add to negative sentiment around the stock.

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.