Employees Retirement System of Texas Has $4.24 Million Position in Workday, Inc. $WDAY

Employees Retirement System of Texas increased its position in Workday, Inc. (NASDAQ:WDAY) by 32.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,742 shares of the software maker’s stock after acquiring an additional 4,818 shares during the period. Employees Retirement System of Texas’ holdings in Workday were worth $4,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WDAY. Finivi Inc. boosted its position in Workday by 3.3% during the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock worth $365,000 after purchasing an additional 48 shares during the period. Strategic Investment Advisors MI boosted its position in Workday by 1.6% during the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after purchasing an additional 50 shares during the period. Legacy Financial Advisors Inc. boosted its position in Workday by 5.1% during the third quarter. Legacy Financial Advisors Inc. now owns 1,113 shares of the software maker’s stock worth $268,000 after purchasing an additional 54 shares during the period. Sagespring Wealth Partners LLC boosted its position in Workday by 3.0% during the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock worth $441,000 after purchasing an additional 59 shares during the period. Finally, CVA Family Office LLC boosted its position in Workday by 35.3% during the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock worth $53,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of recent analyst reports. Guggenheim decreased their target price on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research report on Monday, February 9th. Barclays raised Workday from an “overweight” rating to a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings cut Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Workday in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.03.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction 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 trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 989,814 shares of company stock valued at $131,576,291. 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 introduced new AI capabilities for Adaptive Planning, including “Adaptive Decision Intelligence,” designed to let finance teams ask questions in natural language, run scenarios, and commit decisions faster. The launch suggests continued AI-driven product innovation that could support longer-term demand. Article title: Workday Introduces Adaptive Decision Intelligence, Bringing Planning Questions, Scenarios, and Decisions Into One AI Experience
• Positive Sentiment: The company also launched new AI tools aimed at easing FP&A workflows, reinforcing the view that Workday can monetize AI by automating time-consuming finance tasks. Article title: Workday launches AI tool aimed at easing FP&A workflows
• Positive Sentiment: Recent coverage highlighted that Workday beat quarterly earnings estimates and raised its full-year margin outlook, which helped fuel a recent rebound in the stock. Article title: Workday Stock Pops on Earnings Results. A Long-Awaited Turnaround Could Finally Be Here.
• Neutral Sentiment: Several market notes pointed to strong analyst upside targets, with average price targets implying meaningful upside from current levels, though these were presented more as valuation commentary than a fresh catalyst. Article title: How Much Upside is Left in Workday (WDAY)? Wall Street Analysts Think 46.84%
• Neutral Sentiment: Bank of America reinstated Workday at Neutral with a $140 price target, saying it remains a high-quality SaaS franchise but faces limited near-term catalysts as growth moderates. That more cautious stance may be capping enthusiasm despite the solid product story. Article title: Workday viewed as high-quality but maturing SaaS franchise with limited near-term catalysts
• Negative Sentiment: BofA also warned that AI could pressure Workday’s per-seat pricing model, raising concerns that new technology may improve products but compress pricing over time. Article title: Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model
• Negative Sentiment: Goldman Sachs lowered its price target on Workday, another sign that some analysts see less upside ahead after the recent rebound. Article title: Workday price target lowered by The Goldman Sachs Group, Inc.

Workday Stock Up 0.4%

Shares of WDAY stock opened at $124.50 on Thursday. The stock has a market cap of $32.00 billion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. Workday, Inc. has a one year low of $110.36 and a one year high of $257.09. The stock has a fifty day moving average price of $125.42 and a 200 day moving average price of $166.59. 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 (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations 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 period last year, the business earned $2.23 earnings per share. Analysts predict that Workday, Inc. will post 5.13 earnings per share for the current year.

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.