Rockefeller Capital Management L.P. Acquires 20,016 Shares of Workday, Inc. $WDAY

Rockefeller Capital Management L.P. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 178,827 shares of the software maker’s stock after acquiring an additional 20,016 shares during the period. Rockefeller Capital Management L.P.’s holdings in Workday were worth $38,408,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WDAY. Rakuten Securities Inc. acquired a new position in shares of Workday during the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the third quarter valued at $26,000. JPL Wealth Management LLC bought a new position in Workday during the 3rd quarter worth $30,000. DT Investment Partners LLC acquired a new position in Workday during the 4th quarter worth about $27,000. Finally, LRI Investments LLC acquired a new position in Workday during the 4th quarter worth about $29,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $116.93 on Monday. The business has a 50-day moving average price of $127.53 and a two-hundred day moving average price of $156.16. Workday, Inc. has a 1-year low of $110.36 and a 1-year high of $249.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a market cap of $28.88 billion, a P/E ratio of 36.54, a PEG ratio of 1.25 and a beta of 1.09.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $2.23 EPS. The firm’s revenue was up 13.5% compared to the same quarter last year. As a group, analysts anticipate that Workday, Inc. will post 5.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WDAY shares. Barclays upgraded Workday from an “overweight” rating to a “buy” rating in a research report on Friday, May 22nd. Mizuho cut their price objective on Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Rosenblatt Securities reduced their target price on Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. KeyCorp increased their target price on shares of Workday from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Guggenheim lowered their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $185.03.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Embark’s acquisition of Commit expands third-party consulting capacity around Workday deployments, which could support more implementations, upgrades, and ecosystem activity for Workday (WDAY). Workday (WDAY) Why Embark’s Commit Deal Could Matter For Its Ecosystem
• Positive Sentiment: Euna Payments earning Workday certification and joining the Workday Marketplace reinforces the strength of Workday’s partner ecosystem and may improve customer adoption in public-sector finance workflows. Euna Payments Achieves Workday Certification…
• Neutral Sentiment: Analyst-style coverage comparing Q1 results across finance and HR software names puts Workday in the broader sector context, but it does not appear to include a company-specific catalyst. Q1 Earnings Highs And Lows: Workday…
• Neutral Sentiment: Coverage on AI-driven SaaS pricing changes could matter long term for Workday, but the piece is industry-wide rather than a direct update on the company. What CIOs should know about AI-driven SaaS pricing changes
• Neutral Sentiment: New AI tools positioning themselves as replacements for Oracle and Workday support services highlight rising competition around enterprise software administration, though the impact on Workday’s core business is indirect. Dayos Releases Athena: Agentic Replacement for Oracle and Workday AMS Contracts…
• Negative Sentiment: Recent analysis says Workday (WDAY) may be viewed as undervalued, but it also highlights weak momentum, with the stock down sharply over the past day, week, and year-to-date, which can weigh on investor sentiment. Workday (WDAY) Stock Could Be 31.7% Undervalued…
• Negative Sentiment: Workday has also been described as underperforming the technology sector over the past year, reinforcing concerns about relative strength versus peers. Workday Stock: Is WDAY Underperforming the Technology Sector?

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the sale, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. This trade represents a 5.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 Workday stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total transaction of $769,320.00. Following the completion of the sale, the chief financial officer owned 217,930 shares of the company’s stock, valued at $27,942,984.60. This represents 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. Insiders sold a total of 667,314 shares of company stock valued at $87,564,716 in the last 90 days. Company insiders own 18.64% of the company’s stock.

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.