Bleakley Financial Group LLC Purchases New Shares in Workday, Inc. $WDAY

Key Points

• Bleakley Financial Group opened a new position in Workday, buying 10,734 shares valued at about $2.3 million in the fourth quarter.
• Workday continues to attract significant institutional interest, with hedge funds and other investors holding nearly 89.81% of the stock and several firms adding to their stakes recently.
• The company has been boosted by AI product launches and a recent earnings beat, but some analysts remain cautious, citing limited near-term catalysts and possible pressure on pricing from AI.

Bleakley Financial Group LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,734 shares of the software maker's stock, valued at approximately $2,305,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WDAY. First Eagle Investment Management LLC purchased a new stake in Workday in the third quarter valued at about $556,252,000. Phoenix Financial Ltd. purchased a new stake in Workday in the third quarter valued at about $2,000,000. Robeco Institutional Asset Management B.V. raised its stake in Workday by 18.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker's stock valued at $122,804,000 after buying an additional 88,384 shares during the last quarter. Sienna Gestion purchased a new stake in Workday in the third quarter valued at about $7,948,000. Finally, Morningstar Investment Management LLC raised its stake in Workday by 127.2% in the fourth quarter. Morningstar Investment Management LLC now owns 27,043 shares of the software maker's stock valued at $5,808,000 after buying an additional 15,138 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday introduced new AI capabilities for Adaptive Planning, including “Adaptive Decision Intelligence,” designed to let finance teams ask questions in natural language, run scenarios, and commit decisions faster. The launch suggests continued AI-driven product innovation that could support longer-term demand. Article title: Workday Introduces Adaptive Decision Intelligence, Bringing Planning Questions, Scenarios, and Decisions Into One AI Experience
• Positive Sentiment: The company also launched new AI tools aimed at easing FP&A workflows, reinforcing the view that Workday can monetize AI by automating time-consuming finance tasks. Article title: Workday launches AI tool aimed at easing FP&A workflows
• Positive Sentiment: Recent coverage highlighted that Workday beat quarterly earnings estimates and raised its full-year margin outlook, which helped fuel a recent rebound in the stock. Article title: Workday Stock Pops on Earnings Results. A Long-Awaited Turnaround Could Finally Be Here.
• Neutral Sentiment: Several market notes pointed to strong analyst upside targets, with average price targets implying meaningful upside from current levels, though these were presented more as valuation commentary than a fresh catalyst. Article title: How Much Upside is Left in Workday (WDAY)? Wall Street Analysts Think 46.84%
• Neutral Sentiment: Bank of America reinstated Workday at Neutral with a $140 price target, saying it remains a high-quality SaaS franchise but faces limited near-term catalysts as growth moderates. That more cautious stance may be capping enthusiasm despite the solid product story. Article title: Workday viewed as high-quality but maturing SaaS franchise with limited near-term catalysts
• Negative Sentiment: BofA also warned that AI could pressure Workday’s per-seat pricing model, raising concerns that new technology may improve products but compress pricing over time. Article title: Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model
• Negative Sentiment: Goldman Sachs lowered its price target on Workday, another sign that some analysts see less upside ahead after the recent rebound. Article title: Workday price target lowered by The Goldman Sachs Group, Inc.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WDAY shares. Deutsche Bank Aktiengesellschaft decreased their price target on Workday from $265.00 to $190.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Wolfe Research restated an "outperform" rating and issued a $160.00 price objective on shares of Workday in a research note on Friday, May 22nd. William Blair upgraded Workday to a "strong-buy" rating in a research note on Friday, May 22nd. Stifel Nicolaus set a $175.00 price objective on Workday in a research note on Monday, February 9th. Finally, Raymond James Financial restated a "market perform" rating on shares of Workday in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $185.03.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the business's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $112.33, for a total transaction of $12,075,475.00. Following the completion of the transaction, the insider directly owned 105,049 shares of the company's stock, valued at $11,800,154.17. The trade was a 50.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the transaction, the chief financial officer directly owned 217,930 shares of the company's stock, valued at $27,942,984.60. The trade was a 2.68% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is owned by corporate insiders.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $124.50 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.32. The business's 50 day moving average price is $125.42 and its 200-day moving average price is $166.59. The firm has a market capitalization of $32.00 billion, a PE ratio of 38.91, a P/E/G ratio of 1.20 and a beta of 1.04. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $257.09.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm's revenue was up 13.5% compared to the same quarter last year. As a group, equities research analysts expect that Workday, Inc. will post 5.13 earnings per share for the current fiscal 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.

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