Workday, Inc. $WDAY Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,790 shares of the software maker's stock after buying an additional 10,087 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Workday worth $73,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WDAY. Auto Owners Insurance Co grew its position in Workday by 25,412.8% in the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker's stock valued at $2,197,332,000 after acquiring an additional 10,190,516 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Workday by 840.9% during the fourth quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker's stock valued at $164,317,000 after purchasing an additional 683,741 shares during the period. Lead Edge Capital Management LLC bought a new position in shares of Workday in the first quarter worth about $79,988,000. Renaissance Technologies LLC bought a new position in shares of Workday in the first quarter worth about $75,600,000. Finally, Carmignac Gestion purchased a new position in Workday in the 1st quarter worth about $59,438,000. Institutional investors own 89.81% of the company's stock.

Workday Stock Down 3.0%

Workday stock opened at $190.81 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50-day simple moving average is $191.78 and its two-hundred day simple moving average is $153.66. The company has a market cap of $45.99 billion, a PE ratio of 32.13, a PEG ratio of 1.97 and a beta of 1.07. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $247.40.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.64 billion. During the same period last year, the business posted $2.21 earnings per share. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 5.33 EPS for the current year.

Insider Activity

In other news, major shareholder David Duffield sold 100,780 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the transaction, the insider owned 105,049 shares of the company's stock, valued at $19,501,296.36. The trade was a 48.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 988,104 shares of company stock valued at $188,811,574. Insiders own 18.64% of the company's stock.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Freedom Broker lowered shares of Workday from a "buy" rating to a "hold" rating and lifted their price objective for the company from $180.00 to $200.00 in a report on Friday, August 28th. Monness Crespi & Hardt raised their price objective on Workday from $202.00 to $218.00 and gave the stock a "buy" rating in a report on Friday, August 28th. Bank of America upped their target price on Workday from $140.00 to $205.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Morgan Stanley increased their price target on Workday from $145.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 28th. Finally, Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Nineteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $205.03.

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

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