NEOS Investment Management LLC Boosts Stock Position in Workday, Inc. $WDAY

NEOS Investment Management LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 69.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,884 shares of the software maker’s stock after buying an additional 36,733 shares during the period. NEOS Investment Management LLC’s holdings in Workday were worth $21,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Workday during the 2nd quarter worth about $25,000. Berbice Capital Management LLC raised its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Workday in the 2nd quarter valued at $41,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. KeyCorp decreased their target price on Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Wednesday, November 26th. Rosenblatt Securities upgraded Workday from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $235.00 to $180.00 in a research note on Tuesday. Finally, Sanford C. Bernstein lowered their target price on shares of Workday from $304.00 to $298.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.94.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the transaction, the insider directly owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the sale, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. This represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 19.31% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from neutral to buy and set a $180 target, signaling renewed analyst conviction in the stock’s medium-term upside amid the company’s strategic shifts. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlights the return of co‑founder Aneel Bhusri as CEO and a stronger AI push — investors may view this as supportive for long‑term product strategy and growth, especially if AI accelerates subscription or service demand. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Workday is scheduled to report quarterly results on Tuesday; the upcoming release is the near‑term catalyst that could swing the stock depending on guidance and AI‑related commentary. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Analysts at BMO cut their price target from $285 to $204 (still “outperform”), signaling reduced expectations for near‑term upside even as they keep a constructive rating. BMO lowers Workday price target
• Negative Sentiment: Oppenheimer also trimmed its target from $270 to $200 while maintaining an outperform rating, another sign analysts are moderating near‑term forecasts despite believing in longer‑term upside. Oppenheimer lowers Workday price target
• Negative Sentiment: Zacks cautions Workday may lack the factors that typically produce an earnings beat this quarter, increasing downside risk around the report. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

Workday Trading Down 0.9%

NASDAQ:WDAY opened at $143.12 on Wednesday. Workday, Inc. has a 12-month low of $139.91 and a 12-month high of $281.00. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $192.91 and its 200-day simple moving average is $216.63. The firm has a market cap of $37.64 billion, a P/E ratio of 60.13, a PEG ratio of 1.23 and a beta of 1.13.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.