Workday, Inc. $WDAY Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 143,532 shares of the software maker’s stock after selling 8,521 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Workday were worth $30,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WDAY. Vanguard Group Inc. increased its position in Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. State Street Corp lifted its holdings in Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock valued at $2,098,552,000 after purchasing an additional 96,139 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Workday by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Workday by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after buying an additional 75,922 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after buying an additional 2,525,821 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Down 4.0%

Shares of NASDAQ WDAY opened at $116.93 on Friday. The stock has a market capitalization of $28.88 billion, a PE ratio of 36.54, a P/E/G ratio of 1.29 and a beta of 1.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $127.57 and a 200-day moving average of $156.84. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $249.85.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $2.23 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts anticipate that Workday, Inc. will post 5.4 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on WDAY. Citigroup reaffirmed a “market perform” rating on shares of Workday in a research note on Friday, May 22nd. William Blair raised Workday to a “strong-buy” rating in a research note on Friday, May 22nd. Evercore cut Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective on the stock. in a report on Wednesday, February 25th. Wells Fargo & Company lifted their price objective on Workday from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group reduced their target price on Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.03.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Euna Solutions said its Euna Payments received Workday certification and was added to the Workday Marketplace, which supports Workday’s partner ecosystem and underscores continued demand for integrations around its platform. Article Title
• Positive Sentiment: Zacks highlighted Workday as a strong value stock, reflecting still-cautious but constructive analyst sentiment after the recent pullback. Article Title
• Neutral Sentiment: A comparison article on Q1 results for finance and HR software peers put Workday in context with other software names, but it did not report a new company-specific catalyst. Article Title
• Neutral Sentiment: Coverage on AI-driven SaaS pricing changes highlighted broader industry pressure toward usage-based pricing, a theme that could affect Workday over time but is not a direct update on the company. Article Title
• Negative Sentiment: Dayos launched Athena as an AI-driven replacement for Oracle and Workday AMS contracts, adding a potential competitive threat in support and managed-services spending. Article Title
• Negative Sentiment: Several articles noted Workday’s underperformance versus the broader technology sector over the past year, reinforcing concerns that valuation and momentum remain weaker than peers. Article Title

Insider Transactions at Workday

In other news, insider Robert Enslin sold 5,373 shares of Workday stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $129.41, for a total value of $695,319.93. Following the transaction, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares of the company’s stock, valued at $27,942,984.60. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. 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 90 days, insiders have sold 774,814 shares of company stock valued at $102,272,866. 18.64% of the stock is owned by company insiders.

Workday Profile

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.