Eagle Capital Management 13F: Adds $139M to Workday (WDAY) Stake

Eagle Capital Management recently increased its position in Workday, Inc. (NasdaqGS: WDAY) by 14.9%, according to its latest Form 13F filing with the SEC. The fund added 1,131,638 shares, bringing its total holdings to 8,707,006 shares, valued at about $1.14 billion as of the reporting period.

What Changed in Eagle Capital Management's Workday, Inc. Position

Eagle Capital Management's decision to boost its stake in Workday, Inc. by 14.9% reflects a significant increase in confidence in the company's prospects. The fund previously held 7,575,368 shares and now holds 8,707,006 shares. This move added over 1.1 million shares to its portfolio, significantly increasing its investment in the company.

Other Institutional Activity in Workday, Inc.

Other institutional investors have also been active in Workday, Inc. BlackRock, Inc. increased its holdings by 143,469 shares, bringing its total to 20,080,016 shares valued at about $2.61 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported new positions, each holding 13,833,094 and 11,637,749 shares, respectively, with values of approximately $1.80 billion and $1.51 billion. Hotchkis & Wiley Capital Management LLC added 3,898,261 shares, ending with 10,655,733 shares worth around $1.38 billion. State Street Corp slightly reduced its position by 233,987 shares, now holding 9,536,720 shares valued at approximately $1.24 billion.

Workday, Inc. Stock Down 35.1%

Shares of Workday, Inc. (NasdaqGS: WDAY) traded near $130.81 recently. The company has a market cap of about $32.3 billion and a P/E ratio of 40.75, with a forward P/E of 10.35. Its beta stands at 1.081, indicating moderate volatility. Over the past year, the stock has ranged from a low of $110.36 to a high of $249.85. The 50-day moving average is $127.96, with a 200-day moving average of $182.22. Workday maintains a current ratio of 1.009 and a quick ratio of 0.912, with a debt-to-equity ratio of 56.936.

Recent Earnings

In its most recent earnings report, Workday, Inc. posted revenue of approximately $9.85 billion, marking a growth of 13.5%. The company reported an earnings per share (EPS) of $3.21, with a net margin of 8.6% and a return on equity (ROE) of 10.9%. The next earnings announcement is scheduled for May 21, 2026.

Insider Buying and Selling at Workday, Inc.

Recent insider activity at Workday, Inc. includes transactions by David Duffield, who bought and sold 107,500 shares on June 9, 2026. The transactions included a planned sale at an average price of $138.32. Other executives, including CFO Zane Rowe, President and CCO Robert Enslin, and President of Product and Technology Gerrit Kazmaier, each sold shares on June 5, 2026, at an average price of $147.91.

Analysts Set New Price Targets

On May 26, 2026, Goldman Sachs maintained its 'hold' rating on Workday with a $151 price target. On May 22, UBS, Jefferies, and Citigroup also maintained 'hold' ratings with targets of $140, $140, and $139, respectively. Wells Fargo, Keybanc, and Needham maintained 'buy' ratings with price targets of $185, $158, and $180. Piper Sandler maintained a 'hold' rating with a $145 target. The consensus among 38 analysts is a 'buy' rating, with a target mean price of $171.14.

About Workday, Inc.

Workday, Inc. is a technology company based in Pleasanton, California. It provides cloud-based enterprise applications for financial management, human capital management, and analytics. The company serves a wide range of industries including finance, healthcare, and education. Workday, founded in 2005 and led by CEO Aneel Bhusri, employs over 20,000 people worldwide.

Bottom Line

Eagle Capital Management's increase in its Workday stake suggests confidence in the company's future. Workday offers a comprehensive suite of applications that cater to various industries, making it a key player in the enterprise software market. Investors often track 13F filings to gauge institutional sentiment, but these reports are backward-looking and may not reflect current positions.