ProShare Advisors LLC Grows Stake in Workday, Inc. $WDAY

ProShare Advisors LLC raised its stake in Workday, Inc. (NASDAQ:WDAY) by 34.5% during the fourth quarter, HoldingsChannel reports. The fund owned 384,198 shares of the software maker’s stock after buying an additional 98,607 shares during the period. ProShare Advisors LLC’s holdings in Workday were worth $82,518,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after buying an additional 1,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Workday during the second quarter valued at $281,000. Finally, NewEdge Advisors LLC boosted its position in shares of Workday by 32.0% during the second quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after buying an additional 1,600 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Workday

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

Workday Trading Up 0.4%

Shares of NASDAQ:WDAY opened at $129.34 on Wednesday. The stock has a market capitalization of $33.24 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day simple moving average is $126.94 and its two-hundred day simple moving average is $171.14. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $274.65.

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

Insider Activity

In other news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider 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 transaction was disclosed in a filing 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 dated 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 in the company, valued at $21,193,850.86. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 989,814 shares of company stock worth $131,576,291 over the last three months. Insiders own 18.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on WDAY. Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Oppenheimer dropped their price objective on Workday from $200.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Sanford C. Bernstein dropped their price objective on Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. TD Cowen cut Workday from a “buy” rating to a “hold” rating and set a $155.00 price objective on the stock. in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

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.