9,281 Shares in Workday, Inc. $WDAY Acquired by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC opened a new position in Workday in Q3, buying 9,281 shares valued at about $2.23 million, while institutional investors collectively own roughly 89.81% of the stock.
• Several major analysts recently cut price targets (examples: RBC, Bernstein, Morgan Stanley, Citi), leaving an average target of $203 and weighing on sentiment as shares trade around $134—well below the 50‑day ($166.12) and 200‑day ($206.73) moving averages.
• There has been significant insider selling—co‑founder David Duffield sold ~107,500 shares and insiders sold ~610,796 shares (~$107M) last quarter—despite Workday reporting an earnings beat (EPS $2.47 vs $2.32) and 14.5% year‑over‑year revenue growth to $2.53 billion.

Quantitative Investment Management LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,281 shares of the software maker's stock, valued at approximately $2,234,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. Perennial Investment Advisors LLC grew its holdings in shares of Workday by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker's stock worth $418,000 after purchasing an additional 48 shares during the period. Bay Harbor Wealth Management LLC increased its position in shares of Workday by 12.0% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker's stock worth $110,000 after purchasing an additional 49 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Workday by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker's stock valued at $994,000 after buying an additional 49 shares during the period. Kingsview Wealth Management LLC lifted its position in Workday by 1.1% in the second quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker's stock valued at $1,091,000 after buying an additional 50 shares during the last quarter. Finally, Strategic Investment Advisors MI lifted its position in Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker's stock valued at $777,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Workday from $220.00 to $180.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Sanford C. Bernstein decreased their price objective on shares of Workday from $298.00 to $214.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Morgan Stanley lowered their price objective on shares of Workday from $280.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 23rd. Citigroup dropped their target price on shares of Workday from $247.00 to $148.00 and set a "neutral" rating for the company in a report on Thursday, February 26th. Finally, Guggenheim cut their target price on Workday from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and an average target price of $203.00.

Workday Stock Down 2.7%

Shares of WDAY opened at $134.14 on Friday. The company's 50-day simple moving average is $166.12 and its 200-day simple moving average is $206.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The stock has a market capitalization of $35.28 billion, a PE ratio of 51.99, a P/E/G ratio of 1.34 and a beta of 1.16.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Fairview Health Services selected Workday’s AI‑powered HR, finance and supply‑chain suite — a notable enterprise customer win that validates Workday’s platform strategy and could contribute recurring subscription revenue over time. Read More.
• Positive Sentiment: Partnerships with Lyra Health (mental‑health integration) and Insperity (HRScale for SMBs) expand Workday’s HCM ecosystem and open cross‑sell/up‑sell opportunities in wellness and mid‑market segments. Read More.
• Positive Sentiment: Industry recognition — named a strategic partner of the year — helps channel credibility and partner momentum for services/implementations. Read More.
• Neutral Sentiment: Third‑party integrations and partnerships (Persona candidate verification; Kognitiv + Syndio for EU pay transparency) increase Workday’s ecosystem stickiness but are incremental and not immediate revenue catalysts. Read More.
• Neutral Sentiment: Broader software‑industry commentary around AI automation frames a favorable narrative for platform vendors like Workday, but it’s high level and doesn’t change near‑term revenue/earnings. Read More.
• Negative Sentiment: Major insider selling: co‑founder David A. Duffield sold 107,500 shares (~$15.3M at ~$142.18), cutting his stake roughly in half — a headline that can weigh on investor confidence even if for personal/liquidity reasons. Read More.
• Negative Sentiment: Analyst/valuation and guidance pressure: recent commentary has trimmed fair‑value estimates (~20% cut cited) and flagged softer subscription guidance plus higher planned investment — a combination that has pressured sentiment and the stock multiple. Read More.
• Negative Sentiment: Negative narratives on user experience/recruiting friction surfaced in commentary pieces, which can amplify short‑term sentiment risk though they are less directly tied to revenue. Read More.

Insider Activity at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the company's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the sale, the insider owned 105,167 shares in the company, valued at $21,951,507.91. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Harry Sauer sold 1,130 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the sale, the insider directly owned 85,398 shares in the company, valued at $17,933,580. This represents a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 610,796 shares of company stock worth $107,013,566 over the last quarter. 19.31% of the stock is currently owned by insiders.

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.

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