Workday, Inc. $WDAY Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Workday stake by 842.9% in the third quarter, reaching 40,941 shares valued at approximately $7.65 million. Institutional investors collectively own 89.81% of WDAY.
• Workday insiders sold 988,104 shares worth about $188.8 million over the past 90 days, including sales by the chief accounting officer and CFO under pre-arranged Rule 10b5-1 plans.
• Workday’s AI strategy remains a potential long-term growth driver, but analysts are divided: the stock carries a consensus Hold rating with a $205.03 target price, amid concerns about valuation, slowing growth and early-stage AI monetization.

TD Waterhouse Canada Inc. boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 842.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,941 shares of the software maker's stock after acquiring an additional 36,599 shares during the period. TD Waterhouse Canada Inc.'s holdings in Workday were worth $7,652,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WDAY. Lead Edge Capital Management LLC acquired a new position in shares of Workday in the 1st quarter valued at $79,988,000. Renaissance Technologies LLC acquired a new stake in shares of Workday during the 1st quarter worth about $75,600,000. Pacer Advisors Inc. raised its holdings in Workday by 60.4% in the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker's stock valued at $159,418,000 after buying an additional 462,002 shares during the period. Carmignac Gestion purchased a new stake in Workday in the 1st quarter valued at about $59,438,000. Finally, Tidal Investments LLC lifted its position in Workday by 43.6% in the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker's stock valued at $176,218,000 after buying an additional 437,175 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In related news, CAO Mark Garfield sold 918 shares of the business's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $189.45, for a total transaction of $173,915.10. Following the completion of the transaction, the chief accounting officer directly owned 69,309 shares of the company's stock, valued at $13,130,590.05. The trade was a 1.31% 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 company's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $187.23, for a total value of $1,123,380.00. Following the sale, the chief financial officer owned 269,642 shares in the company, valued at approximately $50,485,071.66. This trade represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 ninety days, insiders have 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

Workday Price Performance

Shares of NASDAQ:WDAY opened at $190.81 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $45.99 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The firm's 50-day moving average is $191.78 and its two-hundred day moving average is $153.83. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $247.40.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results 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 net margin of 12.32% and a return on equity of 20.95%. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.64 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The business's quarterly revenue was up 12.8% on a year-over-year basis. Analysts predict that Workday, Inc. will post 5.33 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of several research analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Workday in a research note on Wednesday, September 30th. William Blair reiterated an "outperform" rating on shares of Workday in a research report on Friday, August 28th. Stifel Nicolaus boosted their price target on shares of Workday from $160.00 to $175.00 and gave the company a "hold" rating in a research note on Thursday. Barclays upped their price objective on shares of Workday from $200.00 to $224.00 and gave the stock an "overweight" rating in a report on Friday, August 28th. Finally, KeyCorp lowered shares of Workday from an "overweight" rating to a "sector weight" rating in a report on Thursday. Nineteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Workday presently has an average rating of "Hold" and a consensus target price of $205.03.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company's products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.

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