Pacer Advisors Inc. Acquires 683,741 Shares of Workday, Inc. $WDAY

Pacer Advisors Inc. lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 840.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 765,049 shares of the software maker’s stock after purchasing an additional 683,741 shares during the period. Pacer Advisors Inc.’s holdings in Workday were worth $164,317,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Workday by 14.7% during the fourth quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after buying an additional 3,210,232 shares in the last quarter. State Street Corp boosted its stake in shares of Workday by 1.0% during the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after acquiring 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 acquiring an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after acquiring an additional 75,922 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after acquiring an additional 2,525,821 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the sale, the chief financial officer directly owned 217,930 shares in the company, valued at $27,942,984.60. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $128.52, for a total transaction of $13,815,900.00. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $13,500,897.48. The trade was a 50.58% 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. Over the last ninety days, insiders sold 774,814 shares of company stock worth $102,272,866. 18.64% of the stock is owned by insiders.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $116.93 on Friday. 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 business’s 50 day moving average is $127.57 and its two-hundred day moving average is $156.84. The company has a market cap of $28.88 billion, a P/E ratio of 36.54, a P/E/G ratio of 1.29 and a beta of 1.09. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating 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 company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $2.23 earnings per share. Workday’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Workday, Inc. will post 5.4 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WDAY shares. The Goldman Sachs Group reduced their target price on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Needham & Company LLC lowered their price target on Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Finally, Summit Redstone set a $275.00 price objective on shares of Workday in a report on Wednesday, May 27th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.03.

Key Workday News

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

About Workday

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.