Mcrae Capital Management Inc. Increases Stock Holdings in Workday, Inc. $WDAY

Mcrae Capital Management Inc. increased its position in Workday, Inc. (NASDAQ:WDAY) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,361 shares of the software maker’s stock after acquiring an additional 5,597 shares during the quarter. Workday comprises about 3.0% of Mcrae Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Mcrae Capital Management Inc.’s holdings in Workday were worth $14,897,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WDAY. Rakuten Securities Inc. bought a new stake in Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Workday in the 3rd quarter valued at $26,000. JPL Wealth Management LLC purchased a new position in shares of Workday during the 3rd quarter valued at $30,000. DT Investment Partners LLC purchased a new position in shares of Workday during the 4th quarter valued at $27,000. Finally, LRI Investments LLC bought a new position in shares of Workday in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a new integration between Workday Data Cloud and AWS, giving developers bi-directional, zero-copy access to governed HR and finance data. That could make Workday more attractive to enterprise customers building AI applications. Article Title
• Positive Sentiment: The company unveiled new developer tools for building, connecting, and verifying AI agents across HR, finance, and IT, including Developer Agent, Agent-Ready Tools, and Agent Passport. This strengthens Workday’s enterprise AI platform story. Article Title
• Positive Sentiment: Workday also launched Agent Passport to test, verify, and continuously monitor AI agents against security standards, with Cisco as a launch partner. That may help reassure enterprise buyers about AI safety and compliance. Article Title
• Neutral Sentiment: One report said Workday’s strong earnings were “conservative,” suggesting the company may be executing better than the stock reaction implies, but the market did not reward the results much. Article Title
• Neutral Sentiment: Brown Advisory said the “AI loser” label pressured Workday in Q1, highlighting that investors remain skeptical about whether the company will be seen as an AI winner despite its product momentum. Article Title
• Neutral Sentiment: Another article focused on Workday’s recent mixed returns and valuation debate, reinforcing that the stock’s longer-term performance and premium multiple remain key investor concerns. Article Title
• Negative Sentiment: Despite unveiling new AI capabilities at DevCon, Workday shares fell on the day, suggesting investors may be waiting for clearer monetization or adoption before bidding the stock higher. Article Title

Workday Trading Down 1.3%

Shares of WDAY stock opened at $146.90 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $126.53 and a two-hundred day moving average price of $163.77. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $257.09. The firm has a market cap of $36.28 billion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. Equities analysts anticipate that Workday, Inc. will post 5.19 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction that occurred on 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 directly owned 105,049 shares in the company, valued at $13,631,158.24. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. The trade was a 5.36% decrease in their ownership of the stock. 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. Insiders have sold 774,814 shares of company stock valued at $101,308,591 over the last ninety days. Insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Needham & Company LLC dropped their price objective on Workday from $300.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Stifel Nicolaus set a $175.00 target price on Workday in a research note on Monday, February 9th. Robert W. Baird set a $195.00 price target on Workday in a research report on Tuesday, February 24th. BTIG Research reissued a “buy” rating and set a $175.00 price objective on shares of Workday in a report on Monday, May 18th. Finally, HC Wainwright set a $140.00 target price on shares of Workday in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.03.

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.