Oregon Public Employees Retirement Fund Acquires 6,048 Shares of Workday, Inc. $WDAY

Oregon Public Employees Retirement Fund grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 32.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,718 shares of the software maker’s stock after purchasing an additional 6,048 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Workday were worth $5,950,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in shares of Workday in the 2nd quarter valued at $25,000. Berbice Capital Management LLC increased its position in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after buying an additional 133 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Workday in the second quarter worth about $41,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Workday in the second quarter worth about $42,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating on shares of Workday in a research note on Wednesday, November 26th. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Wednesday, November 26th. TD Cowen dropped their price target on shares of Workday from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Citigroup reduced their price objective on shares of Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.59.

Insider Activity at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the transaction, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 370,321 shares of company stock worth $78,866,401. Insiders own 19.31% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Recent results remain supportive: Workday beat Q3 estimates (EPS and revenue grew ~12.6% year-over-year), underlining steady subscription/enterprise demand. Read More.
• Positive Sentiment: Analyst coverage is skewed bullish — consensus is a “Moderate Buy” with an average target (~$281.59), giving upside vs. current levels and supporting longer-term investor interest. Read More.
• Neutral Sentiment: Large institutional ownership (around 90%) and recent institutional moves (e.g., Norges Bank establishing a sizable position) mean changes in fund flows can materially affect shares, but this is a mixed signal depending on whether institutions add or trim. Read More.
• Neutral Sentiment: Media mention: WDAY appeared in recent stock-watch lists, keeping it on investors’ radar but not providing a clear directional trigger. Read More.
• Negative Sentiment: Significant insider selling: co-founder/major shareholder David A. Duffield sold 82,884 shares (~$17.4M), a ~44% reduction in his holding — a large, disclosed block that can amplify downward pressure. Read More.
• Negative Sentiment: Multiple executive-level sales reported this week (CAO Mark Garfield sold 953 shares; CFO and other senior execs also reported multi-thousand-share / multi-million-dollar disposals) — these clustered sales raise short-term liquidity concerns. Read More. Read More.
• Negative Sentiment: Technical/valuation headwinds: shares sit below their 50- and 200-day moving averages and the stock’s P/E is elevated, which can magnify downside when insiders are selling and momentum is weak. Read More.

Workday Stock Down 1.2%

WDAY opened at $207.18 on Friday. The business has a 50 day moving average of $219.85 and a 200-day moving average of $228.39. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 87.05, a P/E/G ratio of 2.34 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 1-year low of $202.22 and a 1-year high of $283.68.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company earned $1.89 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.