Public Employees Retirement System of Ohio Buys Shares of 58,588 Workday, Inc. $WDAY

Public Employees Retirement System of Ohio bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the second quarter, Holdings Channel reports. The institutional investor bought 58,588 shares of the software maker’s stock, valued at approximately $7,172,000.

A number of other hedge funds have also made changes to their positions in WDAY. Plato Investment Management Ltd purchased a new position in Workday during the second quarter valued at approximately $1,115,000. Norges Bank acquired a new stake in shares of Workday during the 4th quarter valued at $448,804,000. S&CO Inc. acquired a new stake in shares of Workday during the 2nd quarter valued at $2,284,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Workday by 40.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock valued at $11,943,000 after acquiring an additional 15,903 shares in the last quarter. Finally, Aurora Investment Counsel acquired a new position in shares of Workday in the fourth quarter worth $2,357,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results exceeded expectations, with adjusted earnings of $2.75 per share versus the $2.61 consensus estimate and revenue of $2.65 billion, slightly above forecasts. Revenue rose 12.8% year over year, while expanding operating margins and stronger AI adoption support the case for continued earnings growth. Workday Crushed Every Estimate. An Analyst Downgraded It Anyway. WDAY’s Operating Margin Expands
• Positive Sentiment: BDO Canada is partnering with Workday to help organizations modernize human resources, finance and planning, potentially expanding Workday’s reach through a major implementation and consulting channel. Bright Horizons also joined the Workday Wellness Partner Program, adding ecosystem support for employee benefits and family-care services. BDO Canada partnership Bright Horizons partnership
• Positive Sentiment: Long-term investment commentary highlights Workday’s recurring-revenue model, enterprise positioning and potential to benefit from AI-driven demand, supporting the growth-stock narrative. Why Workday is a Top Growth Stock
• Neutral Sentiment: Workday will hold its annual Financial Analyst Day on October 13, giving investors a potential source of updated strategy, financial targets and AI-related guidance. Workday Financial Analyst Day
• Neutral Sentiment: Technical analysts said WDAY was testing resistance near $205 after its post-earnings rally, making a breakout possible but signaling that near-term gains may depend on clearing that level. Workday Technical Analysis
• Negative Sentiment: At least one analyst downgraded Workday despite the earnings beat, indicating that elevated expectations or valuation may already reflect much of the company’s strong execution. Investors are also monitoring competition from AI-native ERP startup Rillet, which is pitching agent-based software as an alternative to established providers such as Workday, Oracle and SAP. AI ERP competition

Workday Stock Up 0.5%

Shares of WDAY stock opened at $198.38 on Wednesday. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The firm has a market cap of $49.00 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08. The stock has a 50 day moving average of $161.06 and a 200-day moving average of $141.40. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company posted $2.21 earnings per share. Workday’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts predict that Workday, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on WDAY shares. The Goldman Sachs Group lifted their price objective on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday. CLSA initiated coverage on Workday in a research report on Monday, July 20th. They issued an “underperform” rating and a $92.00 target price on the stock. Robert W. Baird raised their price target on Workday from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Wall Street Zen lowered Workday from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Barclays boosted their price target on Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a research note on Friday. Twenty investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $206.34.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $14,364,400.26. This represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 2,728 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total transaction of $391,795.36. Following the completion of the sale, the insider owned 266,388 shares of the company’s stock, valued at approximately $38,258,644.56. The trade was a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter, insiders sold 875,020 shares of company stock worth $113,938,503. 18.64% of the stock is currently owned by insiders.

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.