HighTower Advisors LLC Sells 8,350 Shares of Workday, Inc. $WDAY

Key Points

• HighTower Advisors LLC reduced its Workday stake by 23.2% in the fourth quarter, selling 8,350 shares and ending with 27,653 shares valued at about $5.94 million.
• Workday insiders also sold heavily, including Gerrit S. Kazmaier and major shareholder David A. Duffield, with insiders selling a total of 989,814 shares worth about $131.6 million last quarter.
• Despite mixed analyst sentiment, Workday has recent operational positives: it beat earnings estimates, raised its margin outlook, and rolled out new AI features, though some firms remain cautious and have trimmed price targets.

HighTower Advisors LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,653 shares of the software maker's stock after selling 8,350 shares during the period. HighTower Advisors LLC's holdings in Workday were worth $5,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ironwood Investment Counsel LLC grew its position in shares of Workday by 15.6% in the 4th quarter. Ironwood Investment Counsel LLC now owns 29,222 shares of the software maker's stock valued at $6,276,000 after acquiring an additional 3,953 shares during the period. Duncan Williams Asset Management LLC grew its position in shares of Workday by 14.9% in the 4th quarter. Duncan Williams Asset Management LLC now owns 4,338 shares of the software maker's stock valued at $932,000 after acquiring an additional 563 shares during the period. TD Private Client Wealth LLC grew its position in shares of Workday by 101.7% in the 4th quarter. TD Private Client Wealth LLC now owns 2,114 shares of the software maker's stock valued at $454,000 after acquiring an additional 1,066 shares during the period. North Dakota State Investment Board bought a new position in shares of Workday in the 4th quarter valued at about $1,585,000. Finally, iA Global Asset Management Inc. grew its position in shares of Workday by 4.2% in the 4th quarter. iA Global Asset Management Inc. now owns 33,477 shares of the software maker's stock valued at $7,190,000 after acquiring an additional 1,356 shares during the period. Institutional investors own 89.81% of the company's stock.

Insider Activity at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the sale, the insider owned 165,074 shares in the company, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed 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 Workday stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $112.33, for a total transaction of $12,075,475.00. Following the completion of the sale, the insider owned 105,049 shares of the company's stock, valued at $11,800,154.17. This trade represents 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. Insiders have sold a total of 989,814 shares of company stock worth $131,576,291 in the last quarter. 18.64% of the stock is owned by corporate insiders.

Workday Stock Performance

NASDAQ WDAY opened at $124.50 on Thursday. The firm has a 50-day moving average of $125.42 and a 200-day moving average of $166.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.01. The stock has a market cap of $32.00 billion, a PE ratio of 38.91, a P/E/G ratio of 1.20 and a beta of 1.04. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. On average, sell-side analysts anticipate that Workday, Inc. will post 5.13 EPS for the current year.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday introduced new AI capabilities for Adaptive Planning, including “Adaptive Decision Intelligence,” designed to let finance teams ask questions in natural language, run scenarios, and commit decisions faster. The launch suggests continued AI-driven product innovation that could support longer-term demand. Article title: Workday Introduces Adaptive Decision Intelligence, Bringing Planning Questions, Scenarios, and Decisions Into One AI Experience
• Positive Sentiment: The company also launched new AI tools aimed at easing FP&A workflows, reinforcing the view that Workday can monetize AI by automating time-consuming finance tasks. Article title: Workday launches AI tool aimed at easing FP&A workflows
• Positive Sentiment: Recent coverage highlighted that Workday beat quarterly earnings estimates and raised its full-year margin outlook, which helped fuel a recent rebound in the stock. Article title: Workday Stock Pops on Earnings Results. A Long-Awaited Turnaround Could Finally Be Here.
• Neutral Sentiment: Several market notes pointed to strong analyst upside targets, with average price targets implying meaningful upside from current levels, though these were presented more as valuation commentary than a fresh catalyst. Article title: How Much Upside is Left in Workday (WDAY)? Wall Street Analysts Think 46.84%
• Neutral Sentiment: Bank of America reinstated Workday at Neutral with a $140 price target, saying it remains a high-quality SaaS franchise but faces limited near-term catalysts as growth moderates. That more cautious stance may be capping enthusiasm despite the solid product story. Article title: Workday viewed as high-quality but maturing SaaS franchise with limited near-term catalysts
• Negative Sentiment: BofA also warned that AI could pressure Workday’s per-seat pricing model, raising concerns that new technology may improve products but compress pricing over time. Article title: Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model
• Negative Sentiment: Goldman Sachs lowered its price target on Workday, another sign that some analysts see less upside ahead after the recent rebound. Article title: Workday price target lowered by The Goldman Sachs Group, Inc.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Monness Crespi & Hardt raised shares of Workday to a "hold" rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Workday from $265.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, February 18th. UBS Group lifted their price objective on shares of Workday from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, May 22nd. Barclays raised shares of Workday from an "overweight" rating to a "buy" rating in a research report on Friday, May 22nd. Finally, Oppenheimer reissued an "outperform" rating and issued a $165.00 price objective on shares of Workday in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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