Workday, Inc. $WDAY Stock Position Trimmed by Baillie Gifford & Co.

Key Points

• Baillie Gifford trimmed its stake in Workday by 4.2% in Q4 to 1,464,991 shares (about $314.7M); institutional investors own roughly 89.8% of the stock.
• Significant insider selling was reported—Gerrit Kazmaier and CFO Zane Rowe sold shares on April 7, and insiders disposed of 880,729 shares (~$119.3M) over the past three months, largely under Rule 10b5‑1 plans to cover tax withholding.
• Shares are under pressure from AI/competitive risks (including the CTO departure) and weak technicals, yet Wall Street consensus remains a Moderate Buy

Baillie Gifford & Co. cut its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,464,991 shares of the software maker's stock after selling 63,955 shares during the quarter. Baillie Gifford & Co. owned about 0.56% of Workday worth $314,651,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Dara Capital US Inc. bought a new stake in shares of Workday during the 4th quarter worth about $648,000. Robeco Institutional Asset Management B.V. raised its position in shares of Workday by 18.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 571,766 shares of the software maker's stock worth $122,804,000 after buying an additional 88,384 shares in the last quarter. Howard Capital Management Inc. raised its position in shares of Workday by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 5,830 shares of the software maker's stock worth $1,252,000 after buying an additional 132 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Workday by 10.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,271 shares of the software maker's stock worth $703,000 after buying an additional 311 shares in the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of Workday by 4.4% during the 4th quarter. Fiduciary Alliance LLC now owns 13,915 shares of the software maker's stock worth $2,989,000 after buying an additional 581 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total transaction of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares in the company, valued at $27,942,984.60. This represents a 2.68% decrease in their position. 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. In the last three months, insiders sold 880,729 shares of company stock valued at $119,321,632. 20.00% of the stock is currently owned by company insiders.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Partnerships expanding product reach — Workday announced a distribution/partner move with OnePay to integrate financial-wellness tools into its HR experience, a potential incremental revenue/retention benefit if adopted broadly. OnePay Expands Into HR With Workday Financial Wellness Deal
• Positive Sentiment: Broad market support from easing inflation: softer inflation worries are underpinning risk assets overall, which could limit downside for software names if the macro backdrop stays constructive. Stocks See Support as Inflation Concerns Ease
• Neutral Sentiment: SaaS/tech sector rotation — sector headlines (downgrades at peers, mixed macro) are driving volatility across enterprise software; impacts to Workday depend on its ability to demonstrate distinct AI value and revenue resilience. ServiceNow's Moat Threatened Amid Growing AI Automation Risks, UBS Says in Downgrade
• Negative Sentiment: Anthropic’s Managed Agents announcement is the main near-term catalyst spooking investors — it raises the risk that autonomous, usage-based AI workflows could undercut traditional seat- or module-based SaaS pricing that underpins Workday’s model. Could Anthropic’s Managed Agents Quietly Reshape Workday’s (WDAY) SaaS Moat and Pricing Power?
• Negative Sentiment: Leadership departure: Workday’s CTO left for Anthropic, fueling concerns about talent migration to frontier AI labs and signaling industry disruption risks. Workday CTO Leaves for Anthropic as AI Tools Pressure Enterprise Software
• Negative Sentiment: Insider selling: large founder/insider share sales were reported, which coincided with sharp selling days and amplified downward pressure on the stock. Workday NASDAQ: WDAY Stock Price Down 6.5% After Insider Selling
• Negative Sentiment: Short-term sentiment/technicals are weak: multiple reports note heavy recent sell-offs and bearish chart formations, increasing the risk of further downside absent reassurance from management or clear AI/product differentiation. Workday stock sell-off is irrational, but monthly chart points to a steeper crash

Workday Price Performance

Shares of Workday stock opened at $112.50 on Monday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $276.00. The firm has a market capitalization of $28.91 billion, a PE ratio of 43.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock's fifty day moving average is $138.51 and its 200-day moving average is $191.37.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Weiss Ratings downgraded shares of Workday from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. UBS Group dropped their price target on shares of Workday from $170.00 to $130.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 25th. Loop Capital set a $210.00 price target on shares of Workday in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein lowered their price objective on shares of Workday from $298.00 to $214.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 25th. Nineteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.71.

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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