Danske Bank A S Lowers Position in Workday, Inc. $WDAY

Key Points

• Danske Bank A/S cut its position in Workday by 28.4% in Q4, selling 51,939 shares and now holding 130,996 shares worth about $28.14 million.
• Significant insider selling occurred—founder David A. Duffield sold 107,500 shares and insiders sold a total of 989,814 shares (~$131.6 million) last quarter, with many transactions run under Rule 10b5-1 plans.
• Wall Street has trimmed price targets recently, but the consensus rating is a Moderate Buy with an average target of $199.71, well above the current share price (~$127).

Danske Bank A S lessened its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 28.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,996 shares of the software maker's stock after selling 51,939 shares during the period. Danske Bank A S's holdings in Workday were worth $28,135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in shares of Workday in the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Workday in the third quarter worth $26,000. JPL Wealth Management LLC purchased a new stake in shares of Workday in the third quarter worth $30,000. eCIO Inc. purchased a new stake in shares of Workday in the fourth quarter worth $36,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Workday in the third quarter worth $40,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDAY. Weiss Ratings downgraded Workday from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered their price target on Workday from $238.00 to $206.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their price target on Workday from $270.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada reduced their price objective on Workday from $220.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 25th. Finally, Morgan Stanley reduced their price objective on Workday from $280.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Monday, February 23rd. Nineteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $199.71.

Workday Price Performance

WDAY stock opened at $126.96 on Friday. The firm has a 50 day moving average price of $130.01 and a 200-day moving average price of $180.35. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $276.00. The firm has a market capitalization of $32.63 billion, a price-to-earnings ratio of 49.21, a PEG ratio of 1.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.52 billion. During the same period last year, the business earned $1.92 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. Equities research analysts forecast that Workday, Inc. will post 5.11 EPS for the current fiscal year.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Jade Global signed as a Workday deployment partner, expanding Workday’s services channel and industry coverage (manufacturing, high-tech, healthcare, retail). This can help accelerate implementations and bookings growth. Jade Global Named Workday Partner
• Positive Sentiment: Workday is featured in recent lists of high-growth tech stocks and growth stocks with notable insider ownership, which can attract investor inflows and sentiment momentum. High Growth Tech Stocks in the US Market to Watch
• Neutral Sentiment: Workday will report fiscal 2027 Q1 results after the close on May 21 and host a conference call; the scheduled report is a near-term catalyst that can increase volatility and reprice expectations. Workday to Announce Fiscal 2027 First Quarter Financial Results on May 21, 2026
• Neutral Sentiment: Media coverage shows elevated investor searches and attention on WDAY (Zacks summary), which can increase short-term trading volume but is not a fundamental read on business performance. Investors Heavily Search Workday, Inc. (WDAY): Here is What You Need to Know
• Neutral Sentiment: Former Workday CEO Carl Eschenbach rejoined the board of Cresta (an AI customer-experience company); this highlights management alumni activity and industry ties but has limited direct impact on Workday’s near-term financials. Cresta Names Sequoia's Doug Leone as Board Chair, Carl Eschenbach Rejoins Board as Growth Accelerates

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the business's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $13,631,158.24. The trade was a 50.58% 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. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the transaction, the insider owned 165,074 shares of the company's stock, valued at approximately $21,193,850.86. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 have sold 989,814 shares of company stock valued at $131,576,291 over the last quarter. Company insiders own 19.31% 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.

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