PNC Financial Services Group Inc. Decreases Holdings in Workday, Inc. $WDAY

Posted by Trevor Kearing on May 23rd, 2026

PNC Financial Services Group Inc. trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 105,708 shares of the software maker’s stock after selling 5,308 shares during the period. PNC Financial Services Group Inc.’s holdings in Workday were worth $22,704,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in Workday during the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Workday during the 3rd quarter worth $26,000. LRI Investments LLC purchased a new stake in Workday during the 4th quarter worth $29,000. JPL Wealth Management LLC purchased a new position in Workday in the 3rd quarter valued at about $30,000. Finally, eCIO Inc. purchased a new position in Workday in the 4th quarter valued at about $36,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $128.14 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. Workday, Inc. has a one year low of $110.36 and a one year high of $257.09. The company’s 50-day simple moving average is $125.91 and its 200-day simple moving average is $169.28. The stock has a market capitalization of $32.93 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 1.18 and a beta of 1.04.

Workday (NASDAQ:WDAY – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 13.92%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $2.23 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $13,631,158.24. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the transaction, the insider directly owned 165,074 shares in the company, valued at $21,193,850.86. The trade was 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 have sold 989,814 shares of company stock worth $131,576,291 in the last ninety days. Corporate insiders own 18.64% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday posted Q1 adjusted EPS of $2.66 versus estimates of $2.49, while revenue rose 13.5% year over year to $2.54 billion, topping forecasts. Workday Announces Fiscal 2027 First Quarter Financial Results
Positive Sentiment: Management raised its full-year non-GAAP operating margin guidance to 30.5%, signaling stronger profitability and helping fuel the stock’s rebound. Workday pops as Q1 results guidance top estimates
Positive Sentiment: Analysts highlighted growing AI monetization, noting that Workday’s AI features and agentic roadmap are starting to show up in contract value and customer adoption. Workday’s AI Momentum Continues as Solid Q1 Results Posted, RBC Says
Positive Sentiment: Several Wall Street firms responded with constructive commentary and price-target updates after the beat, reinforcing sentiment that the quarter was solid and the setup remains favorable. These Analysts Revise Their Forecasts On Workday Following Q1 Results
Neutral Sentiment: Some analysts remain cautious, calling the post-earnings move more of a relief rally and noting that the stock is still expensive relative to fundamentals. WDAY Stock’s Gains Following Q1 Beat Fails to Unite Wall Street – This Analyst Believes Post-Earnings Rise Feels More Like Relief Rally
Negative Sentiment: Citi and other firms trimmed price targets, reflecting lingering concerns about valuation and execution even after the strong quarter. Workday Rallies On ‘Low Bar’ Beat As AI Starts To Show Up In Contract Value

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WDAY. Raymond James Financial reissued a “market perform” rating on shares of Workday in a research report on Monday, February 9th. Robert W. Baird set a $195.00 price objective on shares of Workday in a research report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Rosenblatt Securities decreased their price objective on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating for the company 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 one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $189.48.

Check Out Our Latest Analysis on WDAY

Workday Company Profile

(Free Report)

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.