OP Asset Management Ltd Makes New $5.90 Million Investment in Workday, Inc. $WDAY

OP Asset Management Ltd acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the first quarter, Holdings Channel reports. The fund acquired 45,411 shares of the software maker’s stock, valued at approximately $5,900,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday in the 3rd quarter worth approximately $26,000. DT Investment Partners LLC acquired a new position in Workday in the 4th quarter worth approximately $27,000. LRI Investments LLC purchased a new position in Workday during the 4th quarter worth approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in Workday during the 3rd quarter worth approximately $30,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Down 3.7%

Shares of NASDAQ:WDAY opened at $113.77 on Friday. The firm has a fifty day moving average of $127.46 and a two-hundred day moving average of $153.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The firm has a market capitalization of $28.10 billion, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.09.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $2.23 earnings per share. Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Workday, Inc. will post 5.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. William Blair upgraded Workday to a “strong-buy” rating in a report on Friday, May 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $216.00 price target on shares of Workday in a research report on Friday, May 22nd. KeyCorp increased their price objective on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Workday in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

Insider Transactions at Workday

In other news, insider Robert Enslin sold 5,373 shares of Workday stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the sale, the insider directly owned 165,414 shares in the company, valued at $21,406,225.74. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at approximately $27,942,984.60. The trade was a 2.68% decrease in their position. 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. Over the last three months, insiders have sold 774,814 shares of company stock worth $99,846,591. 18.64% of the stock is owned by company insiders.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Monness Crespi & Hardt upgraded Workday from neutral to buy and set a $150 price target, implying meaningful upside from recent levels. Finviz
• Positive Sentiment: Several recent commentary pieces continue to argue Workday is attractively valued relative to its AI-driven growth prospects, supporting the long-term bull case. Workday: Valuation Is Cheap, Upside Potential From AI Growth
• Neutral Sentiment: Workday was mentioned in a note about software stocks lagging the broader market, which reflects sector rotation more than a company-specific event. Why software stocks like INTU, ADBE, TTD, WDAY, CRM are trailing the S&P 500
• Neutral Sentiment: The company announced it will return as a partner for the 2026 Jackson T. Stephens Cup, a small branding/relationship update with limited direct impact on earnings. The Jackson T. Stephens Cup Announces Stephens and Workday as Returning Partners for 2026 Tournament at PGA Frisco
• Negative Sentiment: A judge reportedly ruled that Workday must face a lawsuit alleging AI bias in its job-screening tools, adding legal uncertainty around a key product area. Judge says Workday to face lawsuit over AI bias in job screening tools: report
• Negative Sentiment: Major shareholder David Duffield sold 107,500 shares in a pre-arranged trading plan, which can still weigh on sentiment even though it was disclosed as a 10b5-1 sale. Workday (NASDAQ:WDAY) Major Shareholder David Duffield Sells 107,500 Shares

About Workday

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.