Bryce Point Capital LLC Cuts Stock Position in Workday, Inc. $WDAY

Bryce Point Capital LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 29.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,877 shares of the software maker’s stock after selling 1,195 shares during the period. Bryce Point Capital LLC’s holdings in Workday were worth $690,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WDAY. Nuveen LLC purchased a new stake in shares of Workday during the first quarter worth about $456,341,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after acquiring an additional 913,613 shares during the last quarter. Generation Investment Management LLP grew its stake in shares of Workday by 36.6% during the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after acquiring an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after acquiring an additional 548,694 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.9%

Shares of NASDAQ:WDAY opened at $237.68 on Tuesday. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a market capitalization of $63.46 billion, a PE ratio of 110.04, a PEG ratio of 2.99 and a beta of 1.11. The business has a 50 day moving average of $234.76 and a two-hundred day moving average of $238.15. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $1.75 earnings per share. Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WDAY shares. Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Piper Sandler raised Workday from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. Citigroup lifted their target price on Workday from $260.00 to $261.00 and gave the stock a “neutral” rating in a report on Monday. Barclays lifted their target price on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, DA Davidson lifted their target price on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $287.86.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 264,933 shares of company stock valued at $61,475,760 in the last three months. 20.00% of the stock is currently owned by company insiders.

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.