Ninety One UK Ltd Makes New Investment in Workday, Inc. $WDAY

Ninety One UK Ltd acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 3,100 shares of the software maker’s stock, valued at approximately $590,000.

A number of other large investors have also made changes to their positions in the stock. CoreCap Advisors LLC increased its position in 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 in the last quarter. Western Wealth Management LLC purchased a new position in Workday in the 1st quarter valued at about $39,000. Manning & Napier Advisors LLC purchased a new position in Workday in the 2nd quarter valued at about $42,000. Elevation Wealth Partners LLC lifted its holdings in Workday by 1,097.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock valued at $48,000 after purchasing an additional 362 shares in the last quarter. Finally, Reflection Asset Management acquired a new stake in shares of Workday during the 4th quarter worth about $66,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

WDAY opened at $196.63 on Friday. The company’s 50 day simple moving average is $191.55 and its 200 day simple 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, Inc. has a 1 year low of $110.36 and a 1 year high of $247.40. The stock has a market capitalization of $47.39 billion, a PE ratio of 39.88, a P/E/G ratio of 1.79 and a beta of 1.07.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. Workday’s revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Workday, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Bank of America boosted their price objective on shares of Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. BTIG Research downgraded shares of Workday from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Lake Street Capital set a $205.00 target price on shares of Workday in a research report on Friday, August 14th. Finally, Citigroup restated a “neutral” rating on shares of Workday in a research report on Tuesday, October 6th. Nineteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $205.03.

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 Buying and Selling at Workday

In other Workday news, major shareholder David Duffield sold 100,780 shares of Workday stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total value of $18,708,799.20. Following the transaction, the insider owned 105,049 shares in the company, valued at $19,501,296.36. This trade represents a 48.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is owned by company insiders.

About Workday

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.