Douglas Lane & Associates LLC Trims Stock Position in Workday, Inc. $WDAY

Douglas Lane & Associates LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,088 shares of the software maker’s stock after selling 5,906 shares during the period. Douglas Lane & Associates LLC’s holdings in Workday were worth $61,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Auto Owners Insurance Co boosted its position in Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after buying an additional 10,190,516 shares during the period. Janus Henderson Group PLC grew its stake in shares of Workday by 101.4% in 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 last quarter. Pictet Asset Management Holding SA increased its holdings in Workday by 8.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,803,568 shares of the software maker’s stock valued at $364,217,000 after purchasing an additional 223,493 shares during the period. Brown Advisory Inc. increased its holdings in Workday by 39.7% during the 4th quarter. Brown Advisory Inc. now owns 1,709,736 shares of the software maker’s stock valued at $367,217,000 after purchasing an additional 486,008 shares during the period. Finally, Van ECK Associates Corp raised its position in Workday by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 1,559,835 shares of the software maker’s stock valued at $335,021,000 after purchasing an additional 144,833 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday is broadening cash-cycle automation for finance customers and expanding credit access, developments that could increase the value and adoption of its financial-management platform. Workday Broadens Cash Cycle Automation Workday Extends Credit Access
• Positive Sentiment: Workday was named a Market Shaper in Gartner’s 2026 emerging-market quadrant for AI agents in human resources. The recognition supports the company’s strategy to use AI to expand beyond its core HR and finance software offerings. Workday Gartner AI Agents Recognition
• Neutral Sentiment: Some coverage describes WDAY as undervalued, while analyst sentiment remains mixed. Jefferies maintained a Hold rating with a $210 target, below the broader consensus target of approximately $206 only slightly and implying limited near-term conviction. Jefferies Workday Growth Assessment
• Negative Sentiment: Workday reportedly reduced its 2028 revenue-growth target as subscription growth loses momentum. Jefferies also highlighted a widening growth gap versus larger software peers and said it wants subscription growth to exceed 11%, raising concerns about the company’s premium valuation. Workday Cuts 2028 Growth Target
• Negative Sentiment: Multiple insiders, including CFO Zane Rowe, Robert Enslin and major shareholder David Duffield, recently sold shares. The transactions were conducted under pre-arranged plans or for tax withholding, but Duffield’s roughly $18.6 million sale may still weigh on investor sentiment. David Duffield Workday Form 4
• Negative Sentiment: Kaskela Law announced a shareholder investigation after WDAY underperformed the S&P 500 year to date. The investigation does not establish wrongdoing, but it adds legal and reputational risk to an already cautious outlook. Kaskela Workday Shareholder Investigation

Insider Activity

In related news, insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $187.00, for a total value of $1,004,938.00. Following the completion of the transaction, the insider directly owned 226,233 shares in the company, valued at $42,305,571. The trade was a 2.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total value of $1,123,380.00. Following the sale, the chief financial officer owned 269,642 shares in the company, valued at approximately $50,485,071.66. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 887,351 shares of company stock worth $169,913,604 over the last three months. 18.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WDAY has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. The Goldman Sachs Group boosted their price target on shares of Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. Capital One Financial set a $219.00 price target on shares of Workday and gave the stock an “equal weight” rating in a research note on Friday, August 28th. UBS Group set a $210.00 price objective on Workday in a research report on Wednesday. Finally, Barclays increased their target price on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $205.55.

Workday Stock Down 0.6%

Workday stock traded down $1.19 during mid-day trading on Friday, hitting $186.62. The company had a trading volume of 644,177 shares, compared to its average volume of 4,722,178. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $189.38 and its two-hundred day moving average price is $151.28. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $247.40. The company has a market capitalization of $44.98 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. As a group, sell-side analysts anticipate that Workday, Inc. will post 5.33 earnings per share for the current fiscal year.

Workday Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.