Workday, Inc. $WDAY Shares Sold by Bryce Point Capital LLC

Bryce Point Capital LLC trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 29.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,877 shares of the software maker’s stock after selling 1,195 shares during the quarter. Bryce Point Capital LLC’s holdings in Workday were worth $690,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Workday by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after buying an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC increased its position in shares of Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after purchasing an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the transaction, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. This represents a 18.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This trade represents a 43.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Down 0.9%

Shares of NASDAQ:WDAY opened at $237.68 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $234.76 and a two-hundred day moving average of $238.15. The stock has a market cap of $63.46 billion, a P/E ratio of 110.04, a PEG ratio of 2.99 and a beta of 1.11. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $265.00 price target on shares of Workday in a research report on Wednesday, September 17th. BMO Capital Markets dropped their price target on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Evercore ISI boosted their price target on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, TD Cowen dropped their price target on Workday from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.86.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.