Ninety One UK Ltd Acquires 3,100 Shares of Workday, Inc. $WDAY

Ninety One UK Ltd bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,100 shares of the software maker’s stock, valued at approximately $590,000.

Other institutional investors also recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in shares of Workday by 55.9% during the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after purchasing an additional 62 shares during the period. Western Wealth Management LLC purchased a new position in shares of Workday in the 1st quarter valued at about $39,000. Reflection Asset Management acquired a new stake in shares of Workday in the fourth quarter valued at about $66,000. Manning & Napier Advisors LLC acquired a new stake in shares of Workday in the second quarter valued at about $42,000. Finally, GK Wealth Management LLC acquired a new stake in shares of Workday in the third quarter valued at about $72,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Up 4.2%

Workday stock opened at $196.63 on Friday. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $247.40. The firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The stock’s fifty day moving average is $191.55 and its two-hundred day moving average is $153.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Analysts predict that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: BTIG said Workday’s “agentic AI” push should benefit from an impressive investor day. New offerings—including expanded Sana capabilities, Decision Intelligence, Work Intelligence and a Trusted Agent Platform—could strengthen customer retention and create additional monetization opportunities. BTIG Workday investor-day analysis
• Positive Sentiment: Workday’s collaboration with Anthropic will connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data and business rules. The arrangement could improve Workday’s competitive position in enterprise AI by enabling users to find information, take actions and approve work through either platform. Workday Anthropic partnership
• Positive Sentiment: A new Candidate Profile feature lets applicants save information for reuse across Workday-powered applications, potentially improving the recruiting experience and increasing the platform’s value to employers. Workday Candidate Profile announcement
• Neutral Sentiment: Analyst opinions remain divided. Stifel raised its price target from $160 to $175 but maintained a Hold rating, while UBS lowered its target from $220 to $210 and kept a Neutral rating. Both targets indicate limited conviction at current valuation levels. Stifel Workday price target
• Negative Sentiment: Investors remain concerned that sales growth is decelerating. Management continues to forecast double-digit revenue growth, but the market wants evidence that AI investments will translate into stronger bookings and financial results. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold approximately $18.7 million of Workday stock, and Chief Accounting Officer Mark Garfield sold about $174,000. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, though the sales may still weigh on sentiment. Workday insider sales

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total transaction of $1,123,380.00. Following the completion of the transaction, the chief financial officer owned 269,642 shares in the company, valued at approximately $50,485,071.66. The trade was a 2.18% decrease in their ownership of the stock. The sale 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, CAO Mark S. Garfield sold 918 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $189.45, for a total transaction of $173,915.10. Following the completion of the sale, the chief accounting officer directly owned 69,309 shares in the company, valued at $13,130,590.05. This trade represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 988,104 shares of company stock worth $188,811,574 in the last 90 days. Insiders own 18.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WDAY shares. TD Cowen decreased their price objective on shares of Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Friday, August 28th. KeyCorp cut shares of Workday from an “overweight” rating to a “sector weight” rating in a report on Thursday. Morgan Stanley increased their target price on shares of Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Citigroup reiterated a “neutral” rating on shares of Workday in a research report on Tuesday, October 6th. Finally, Barclays lifted their price target on shares of Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Nineteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Hold” and a consensus target price of $205.03.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.