Paloma Partners Management Co Sells 25,829 Shares of Workday, Inc. $WDAY

Key Points

• Paloma Partners Management Co reduced its stake in Workday, Inc. by 47.3%, selling 25,829 shares and now holding 28,780 shares valued at approximately $6.72 million.
• Other institutional investors increased their positions in Workday, with T. Rowe Price adding 1.2 million shares, while GAMMA Investing raised its stake by an astounding 53,267.5%.
• Workday reported $2.35 billion in revenue for the last quarter, surpassing analyst estimates, and set its FY 2026 guidance reflecting positive growth trends.

Paloma Partners Management Co decreased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 47.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,780 shares of the software maker's stock after selling 25,829 shares during the period. Workday comprises approximately 0.8% of Paloma Partners Management Co's portfolio, making the stock its 25th biggest holding. Paloma Partners Management Co's holdings in Workday were worth $6,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock worth $4,810,404,000 after buying an additional 455,855 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Workday by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock valued at $872,610,000 after purchasing an additional 14,354 shares during the period. Brown Advisory Inc. boosted its position in Workday by 1.5% during the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock worth $911,027,000 after acquiring an additional 52,104 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock valued at $812,475,000 after buying an additional 913,613 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares of the company's stock, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 318,380 shares of company stock valued at $76,586,604 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. JMP Securities restated a "market outperform" rating and set a $315.00 target price on shares of Workday in a research note on Friday, August 22nd. Guggenheim restated a "neutral" rating on shares of Workday in a research note on Friday, August 22nd. DA Davidson raised their price objective on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Citigroup dropped their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $286.81.

Workday Trading Down 1.0%

NASDAQ:WDAY traded down $2.30 on Thursday, reaching $231.13. The company's stock had a trading volume of 2,226,795 shares, compared to its average volume of 2,508,610. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.10. The firm has a market cap of $61.71 billion, a PE ratio of 107.01, a PEG ratio of 3.22 and a beta of 1.12. The business's 50-day moving average price is $230.77 and its two-hundred day moving average price is $240.60. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.