Canada Pension Plan Boosts Holdings as Workday, Inc. (WDAY) Doubles Down on AI

Workday, Inc. (NASDAQ:WDAY) is among the undervalued wide moat stocks to buy now. As disclosed in the latest Form 13F filing with the SEC, Canada Pension Plan Investment Board has increased its stake in Workday, Inc. (NASDAQ:WDAY) by 83.9% in the first quarter. Following the acquisition of 76,004 shares, the firm now owns 0.06% of Workday, translating to 166,636 shares worth $38,915,000.

Many analysts believe Workday, Inc. (NASDAQ:WDAY) is all in on AI, and that’s what makes it so interesting. This stance is backed by the management’s emphasis on developing several AI agents, particularly in the human resources team area. Back in June, the company launched its AI agents that extract numbers and create lists, and in August, the acquisitions of Flowise and AI startup Paradox, Inc. were completed.

So far, Workday, Inc. (NASDAQ:WDAY) seems appealing to the patient investors who have faith in the company’s sticky platform, robust retention, and AI-powered initiatives. As expressed by Carl Eschenbach, the CEO of Workday,

“Customers are choosing Workday because we help them unlock value today and prepare for what’s next.”

Workday, Inc. (NASDAQ:WDAY) is a California-based provider of enterprise cloud applications. From government institutions and the healthcare industry to the education sector and financial services, the company serves a wide clientele.

While we acknowledge the potential of WDAY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.