North Dakota State Investment Board Purchases Shares of 7,378 Workday, Inc. $WDAY

North Dakota State Investment Board purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,378 shares of the software maker’s stock, valued at approximately $1,585,000.

A number of other hedge funds have also added to or reduced their stakes in WDAY. Brighton Jones LLC boosted its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Empowered Funds LLC boosted its stake in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after purchasing an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Workday during the 2nd quarter valued at about $281,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Workday by 32.0% in the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday is expanding its India workforce and increasing AI investment, which supports its growth strategy and could improve long-term adoption of its enterprise software. Workday to keep expanding Indian workforce, deepen AI investments, executive says
• Positive Sentiment: Workday announced an AI-focused partnership with Anthropic and the Local Initiatives Support Corporation to launch its Foundation Solopreneurship Accelerator Program, reinforcing its AI positioning and enterprise ecosystem. Workday (WDAY) Partners With Anthropic and the Local Initiatives Support Corporation
• Positive Sentiment: BTIG reiterated a buy rating and set a $175 price target, implying meaningful upside if Workday’s execution holds up. Benzinga report on BTIG reaffirming Workday buy rating
• Neutral Sentiment: Workday is set to report fiscal Q1 2027 results on May 21, and investors are watching for continued revenue growth driven by demand for HCM, finance, and AI-powered products. Can Healthy Revenue Growth Boost Workday’s Q1 Earnings?
• Negative Sentiment: BWG Global downgraded Workday to Negative from Mixed after partner checks showed sentiment deteriorated further during fiscal Q1, which is a fresh warning sign for near-term demand. BWG Global Downgrades Workday, Inc. (WDAY)
• Negative Sentiment: Citi also cut Workday to Neutral and lowered its price target, adding to concerns that the stock may face limited near-term upside ahead of earnings. Another Wall Street giant drops hammer on Workday stock price target

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WDAY. Guggenheim cut their target price on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Workday in a research note on Monday, February 23rd. Sanford C. Bernstein cut their target price on Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Loop Capital set a $210.00 target price on Workday in a research note on Thursday, March 12th. Finally, Citizens Jmp downgraded Workday from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $199.71.

Workday Trading Up 0.4%

NASDAQ:WDAY opened at $129.34 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $33.24 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 1.25 and a beta of 1.04. The firm’s 50 day moving average is $126.94 and its 200 day moving average is $171.14. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $274.65.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Sell-side analysts expect that Workday, Inc. will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the sale, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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, insider Robert Enslin sold 5,373 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the sale, the insider directly owned 165,414 shares in the company, valued at $21,406,225.74. The trade was a 3.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 989,814 shares of company stock worth $131,576,291. Company insiders own 18.64% of the company’s stock.

Workday 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.