Workday, Inc. $WDAY Position Trimmed by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,844,337 shares of the software maker’s stock after selling 1,202,915 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Workday were worth $610,907,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after acquiring an additional 3,210,232 shares during the last quarter. Janus Henderson Group PLC raised its position 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 worth $1,077,537,000 after purchasing an additional 2,525,821 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Workday during the third quarter valued at $556,252,000. Norges Bank acquired a new position in shares of Workday in the 4th quarter valued at $448,804,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Trading Down 4.0%

Shares of NASDAQ WDAY opened at $116.93 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The business has a 50-day moving average price of $127.57 and a two-hundred day moving average price of $156.84. The firm has a market capitalization of $28.88 billion, a PE ratio of 36.54, a PEG ratio of 1.29 and a beta of 1.09.

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

Insider Activity at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 217,930 shares in the company, valued at approximately $27,942,984.60. This represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock in a transaction that occurred on 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 completion of the sale, the insider owned 105,049 shares of the company’s stock, 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 valued at $102,272,866. Company insiders own 18.64% of the company’s stock.

Key Headlines Impacting Workday

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WDAY shares. William Blair upgraded Workday to a “strong-buy” rating in a report on Friday, May 22nd. The Goldman Sachs Group dropped their target price on shares of Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Piper Sandler boosted their price target on shares of Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Monness Crespi & Hardt upgraded shares of Workday to a “hold” rating in a report on Friday, May 22nd. Finally, Guggenheim reduced their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $185.03.

Workday Company 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.