SG Americas Securities LLC Purchases 81,053 Shares of Workday, Inc. $WDAY

Key Points

• SG Americas Securities LLC boosted its stake in Workday by 1,292.9%, buying an additional 81,053 shares to own 87,322 shares valued at about $18.76 million at quarter-end.
• Major insider David A. Duffield sold 107,500 shares (roughly a 50% reduction) and insiders sold 765,036 shares (~$113.95 million) during the quarter, indicating heavy insider liquidity taking.
• Workday beat quarterly expectations with $2.47 EPS (vs. $2.32 expected) and $2.53B revenue, while analysts remain broadly bullish (consensus "Moderate Buy" with an average price target of about $199.71) despite recent price-target cuts and a sizable share-price decline.

SG Americas Securities LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1,292.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,322 shares of the software maker's stock after buying an additional 81,053 shares during the period. SG Americas Securities LLC's holdings in Workday were worth $18,755,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WDAY. Vanguard Group Inc. raised its position in shares of Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker's stock valued at $5,247,687,000 after buying an additional 684,872 shares in the last quarter. State Street Corp raised its position in Workday by 0.8% during the third quarter. State Street Corp now owns 9,674,568 shares of the software maker's stock valued at $2,328,959,000 after purchasing an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Workday by 47.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker's stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Workday by 41.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker's stock worth $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Finally, Parnassus Investments LLC boosted its holdings in shares of Workday by 13.1% in the 3rd quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker's stock valued at $774,478,000 after purchasing an additional 371,561 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $132.67, for a total value of $14,262,025.00. Following the transaction, the insider directly owned 105,049 shares of the company's stock, valued at $13,936,850.83. The trade was a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Enslin sold 22,185 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the sale, the insider owned 106,330 shares in the company, valued at $22,347,376.10. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 765,036 shares of company stock valued at $113,952,492 in the last quarter. 19.31% of the stock is currently owned by company insiders.

Workday Stock Down 3.0%

Shares of NASDAQ WDAY opened at $124.18 on Friday. The company has a 50 day simple moving average of $150.42 and a 200 day simple moving average of $199.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The firm has a market cap of $31.91 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly 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. The firm had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 EPS. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts remain broadly bullish on Workday, citing strong AI momentum and placement on lists of undervalued cloud names; roughly 60% of analysts keep bullish ratings and the consensus price target (~$180) implies meaningful upside versus current levels. This underpins a constructive medium‑term thesis if AI adoption accelerates. Analysts Remain Confident in Workday (WDAY)’s Outlook Amid Strong AI Momentum
• Neutral Sentiment: Workday set its 2026 annual stockholder meeting for June 16 (virtual) — a routine corporate governance event that gives investors a forum for Q&A but is unlikely to move the stock by itself. Workday Announces Date of Annual Stockholder Meeting on June 16, 2026
• Neutral Sentiment: Street narrative is shifting: firms note increased AI investment but trim near‑term growth/margin forecasts, producing modest fair‑value resets (e.g., ~$184→$181 range). Investors are debating how much to value AI investments versus near‑term earnings trade‑offs. How The Workday (WDAY) Story Is Shifting Toward AI Investment And Slower Growth Expectations
• Negative Sentiment: At least one published price target was cut substantially (reported ~22.8% cut to $186.30), signaling analysts are lowering near‑term expectations and putting downward pressure on sentiment and multiple. Workday (WDAY) price target decreased by 22.83% to 186.30
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (a reported ~50% reduction in his disclosed holdings), a large insider sale that can spook investors and suggest near‑term liquidity taking by insiders. SEC Form 4: Duffield sale
• Negative Sentiment: Coverage pieces highlight a prolonged share‑price slide (~40–48% over the past year in some pieces) and ongoing valuation reassessment; that backdrop increases sensitivity to any bearish data (cuts, insider sales, slower guidance). Is Workday (WDAY) Now Offering Value After A 48% One-Year Share Price Slide?

Analyst Upgrades and Downgrades

WDAY has been the topic of several recent analyst reports. Guggenheim decreased their price target on Workday from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of Workday in a research report on Monday, February 23rd. Weiss Ratings cut Workday from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. Wall Street Zen raised Workday from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Raymond James Financial reissued a "market perform" rating on shares of Workday in a report on Monday, February 9th. Nineteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.71.

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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