NewEdge Advisors LLC Grows Holdings in Workday, Inc. $WDAY

NewEdge Advisors LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 97.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,857 shares of the software maker’s stock after buying an additional 5,351 shares during the quarter. NewEdge Advisors LLC’s holdings in Workday were worth $1,411,000 at the end of the most recent quarter.

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

Workday Stock Performance

Shares of WDAY stock opened at $198.68 on Monday. 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 of $144.40 and a two-hundred day moving average of $138.94. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The company has a market cap of $49.07 billion, a P/E ratio of 62.09, a PEG ratio of 2.11 and a beta of 1.08.

Workday (NASDAQ:WDAY) last announced 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. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 EPS. As a group, analysts anticipate that Workday, Inc. will post 5.38 EPS for the current year.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Private-equity firm Silver Lake is reportedly in discussions to acquire Workday in a potential transaction valued at roughly $43 billion. Analysts said a deal could provide a significant premium, with one estimate placing Workday’s takeover value at $240–$250 per share. However, the discussions remain preliminary, and there is no assurance that an agreement will be reached. Silver Lake in talks to buy Workday, sources say
• Positive Sentiment: Analysts and investors said a potential Workday buyout could restore confidence in beaten-down software valuations and encourage broader software mergers and acquisitions. The transaction may signal that private-equity firms still see durable value in enterprise software despite concerns about artificial-intelligence disruption. Workday buyout may restore confidence in battered software valuations
• Positive Sentiment: Workday recently reported quarterly revenue of $2.54 billion, up 13.5% year over year, while earnings exceeded analyst expectations. The company also maintained fiscal 2027 subscription-revenue guidance of $9.925 billion to $9.950 billion, supporting the view that the underlying business remains stable.
• Neutral Sentiment: Analyst reactions are mixed: Baird raised its target to $215 and maintained an outperform rating, while BMO reiterated a Buy rating with a $182 target. Piper Sandler reaffirmed Neutral with a $145 target, highlighting substantial disagreement over Workday’s standalone valuation.
• Negative Sentiment: With no definitive deal announcement or regulatory filing confirming terms, traders appear to be taking profits and reducing expectations that a transaction will close soon. Reported insider activity is also heavily weighted toward sales, including substantial selling by David Duffield, adding a cautionary signal.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an “outperform” rating and issued a $160.00 target price on shares of Workday in a research report on Friday, May 22nd. Bank of America assumed coverage on shares of Workday in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $140.00 price target for the company. Lake Street Capital set a $205.00 price target on shares of Workday in a report on Friday. Weiss Ratings upgraded shares of Workday from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Barclays raised shares of Workday from an “overweight” rating to a “buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $187.36.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the transaction, the chief financial officer owned 288,460 shares of the company’s stock, valued at approximately $41,451,702. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the transaction, the insider owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This represents a 2.19% 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. Insiders sold a total of 875,020 shares of company stock worth $113,938,503 in the last three months. 18.64% of the stock is 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.