Exchange Traded Concepts LLC Has $8.79 Million Stock Holdings in Workday, Inc. $WDAY

Exchange Traded Concepts LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 127.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,937 shares of the software maker’s stock after acquiring an additional 22,951 shares during the period. Exchange Traded Concepts LLC’s holdings in Workday were worth $8,792,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Empowered Funds LLC lifted its stake in Workday by 12.1% in the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after buying an additional 1,206 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Workday during the second quarter worth about $281,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Workday during the 2nd quarter worth about $342,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $124.18 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The business’s 50-day simple moving average is $150.42 and its 200-day simple moving average is $198.86. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The stock has a market capitalization of $31.91 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 1.21 and a beta of 1.17.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WDAY shares. Wells Fargo & Company lowered their price target on Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Loop Capital set a $210.00 price objective on shares of Workday in a research note on Thursday, March 12th. Evercore cut shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a report on Wednesday, February 25th. Guggenheim lowered their target price on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, February 25th. Nineteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts remain broadly bullish on Workday, citing strong AI momentum and placement on lists of undervalued cloud names; roughly 60% of analysts keep bullish ratings and the consensus price target (~$180) implies meaningful upside versus current levels. This underpins a constructive medium‑term thesis if AI adoption accelerates. Analysts Remain Confident in Workday (WDAY)’s Outlook Amid Strong AI Momentum
• Neutral Sentiment: Workday set its 2026 annual stockholder meeting for June 16 (virtual) — a routine corporate governance event that gives investors a forum for Q&A but is unlikely to move the stock by itself. Workday Announces Date of Annual Stockholder Meeting on June 16, 2026
• Neutral Sentiment: Street narrative is shifting: firms note increased AI investment but trim near‑term growth/margin forecasts, producing modest fair‑value resets (e.g., ~$184→$181 range). Investors are debating how much to value AI investments versus near‑term earnings trade‑offs. How The Workday (WDAY) Story Is Shifting Toward AI Investment And Slower Growth Expectations
• Negative Sentiment: At least one published price target was cut substantially (reported ~22.8% cut to $186.30), signaling analysts are lowering near‑term expectations and putting downward pressure on sentiment and multiple. Workday (WDAY) price target decreased by 22.83% to 186.30
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (a reported ~50% reduction in his disclosed holdings), a large insider sale that can spook investors and suggest near‑term liquidity taking by insiders. SEC Form 4: Duffield sale
• Negative Sentiment: Coverage pieces highlight a prolonged share‑price slide (~40–48% over the past year in some pieces) and ongoing valuation reassessment; that backdrop increases sensitivity to any bearish data (cuts, insider sales, slower guidance). Is Workday (WDAY) Now Offering Value After A 48% One-Year Share Price Slide?

Insider Activity at Workday

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the sale, the insider owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This represents a 3.45% 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. Also, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $132.67, for a total transaction of $14,262,025.00. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $13,936,850.83. The trade was a 50.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 765,036 shares of company stock worth $113,952,492 over the last ninety days. 20.00% of the stock is owned by corporate insiders.

Workday Company 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.