First Eagle Investment Management LLC Purchases New Position in Workday, Inc. $WDAY

Key Points

• First Eagle Investment Management bought 2,310,688 shares of Workday (~$556.3M), giving it roughly a 0.87% stake at the end of the quarter — a sizeable new institutional position.
• Workday beat expectations with quarterly EPS of $2.47 (vs. $2.32 est.) and revenue of $2.53B (up 14.5% YoY), underpinning recent positive investor sentiment.
• At the same time, insiders have sold 288,296 shares (~$61.5M) in the last 90 days (including the CFO and founder David Duffield), and analysts have trimmed targets though the consensus remains a Moderate Buy with an average price target of $205.19.

First Eagle Investment Management LLC acquired a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,310,688 shares of the software maker's stock, valued at approximately $556,252,000. First Eagle Investment Management LLC owned 0.87% of Workday at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter worth $25,000. Berbice Capital Management LLC boosted its position in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC grew its stake in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker's stock valued at $33,000 after acquiring an additional 133 shares in the last quarter. Root Financial Partners LLC bought a new stake in Workday during the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Workday in the 2nd quarter worth approximately $41,000. Institutional investors own 89.81% of the company's stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: New partner integrations broaden Workday’s product footprint — HR Acuity has joined the Workday Innovation Partner Program, offering bi-directional syncing for employee relations and investigations that strengthens Workday’s HR case-management ecosystem. HR Acuity Joins the Workday Innovation Partner Program
• Positive Sentiment: Workday is pushing into the small & midsized business segment with Insperity HRScale, a joint HR solution that can help expand addressable market and recurring revenue opportunities. Workday Expands HR Partnerships While Shares Trade Below Analyst Expectations
• Positive Sentiment: Analyst sentiment remains constructive — average brokerage recommendations and Wall Street coverage continue to skew bullish, which supports demand for the shares. Is It Worth Investing in Workday (WDAY) Based on Wall Street's Bullish Views?
• Positive Sentiment: Macro/sector confidence: prominent investors (e.g., Sequoia’s Alfred Lin) say the SaaS space remains attractive despite AI-driven hype, which helps sentiment toward large enterprise software names like Workday. Why Sequoia’s Alfred Lin isn’t worried about the SaaS-pocalypse
• Positive Sentiment: Market reaction to results suggests investor confidence — Workday’s strong revenue growth and an EPS beat helped shares rally and prompted commentary that the company may be signaling a bottom in SaaS sentiment. Did Workday Help Signal the SaaS Bottom?
• Neutral Sentiment: Q4 was a mixed but overall solid print — revenue and EPS beat year-ago levels, but management provided conservative guidance, creating a balanced near-term outlook for growth vs. margin/expense pacing. Reflecting On Finance and HR Software Stocks’ Q4 Earnings: Workday NASDAQ: WDAY
• Neutral Sentiment: Media commentary (e.g., Jim Cramer) highlights both the AI opportunity and the risk of rapid sector rotation, adding some cautionary tone that could limit exuberant rallies. Jim Cramer Talks About Effect of AI on Stocks Like Workday
• Negative Sentiment: Shares remain below some analyst expectations and valuation metrics (high P/E vs. growth), and conservative guidance could pressure sentiment if future quarters disappoint. Workday Expands HR Partnerships While Shares Trade Below Analyst Expectations

Insider Transactions at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the sale, the chief financial officer directly owned 159,158 shares of the company's stock, valued at $33,224,232.50. This trade represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the company's stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the transaction, the insider directly owned 105,049 shares of the company's stock, valued at $22,034,027.75. The trade was a 44.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 288,296 shares of company stock valued at $61,461,516. Insiders own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Workday from $265.00 to $190.00 and set a "buy" rating on the stock in a research report on Wednesday, February 18th. Barclays dropped their price target on Workday from $230.00 to $200.00 and set an "overweight" rating for the company in a research report on Wednesday, February 25th. Guggenheim decreased their price objective on shares of Workday from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Robert W. Baird set a $195.00 target price on shares of Workday in a research report on Tuesday, February 24th. Finally, TD Cowen cut shares of Workday from a "buy" rating to a "hold" rating and set a $155.00 price target for the company. in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.19.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $134.01 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $35.24 billion, a PE ratio of 51.94, a PEG ratio of 1.31 and a beta of 1.17. The company's fifty day moving average is $177.85 and its 200 day moving average is $211.17. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.15. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same period last year, the firm earned $1.92 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

About Workday

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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