Workday, Inc. $WDAY Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,532 shares of the software maker’s stock after selling 8,521 shares during the period. Kovitz Investment Group Partners LLC owned 0.05% of Workday worth $30,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Empowered Funds LLC raised its holdings in Workday by 12.1% during the first quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after purchasing an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Workday in the 2nd quarter valued at $281,000. Finally, NewEdge Advisors LLC grew its position in shares of Workday by 32.0% in the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock valued at $1,583,000 after buying an additional 1,600 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Workday stock opened at $116.93 on Friday. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $127.57 and a 200-day simple moving average of $156.84. The stock has a market capitalization of $28.88 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $2.23 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post 5.4 earnings per share for the current year.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Euna Solutions said its Euna Payments received Workday certification and was added to the Workday Marketplace, which supports Workday’s partner ecosystem and underscores continued demand for integrations around its platform. Article Title
• Positive Sentiment: Zacks highlighted Workday as a strong value stock, reflecting still-cautious but constructive analyst sentiment after the recent pullback. Article Title
• Neutral Sentiment: A comparison article on Q1 results for finance and HR software peers put Workday in context with other software names, but it did not report a new company-specific catalyst. Article Title
• Neutral Sentiment: Coverage on AI-driven SaaS pricing changes highlighted broader industry pressure toward usage-based pricing, a theme that could affect Workday over time but is not a direct update on the company. Article Title
• Negative Sentiment: Dayos launched Athena as an AI-driven replacement for Oracle and Workday AMS contracts, adding a potential competitive threat in support and managed-services spending. Article Title
• Negative Sentiment: Several articles noted Workday’s underperformance versus the broader technology sector over the past year, reinforcing concerns that valuation and momentum remain weaker than peers. Article Title

Insider Activity

In other news, insider Robert Enslin sold 5,373 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the transaction, the insider directly owned 165,414 shares of the company’s stock, valued at approximately $21,406,225.74. This represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $128.52, for a total value of $13,815,900.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $13,500,897.48. This represents a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 774,814 shares of company stock valued at $102,272,866. Company insiders own 18.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays upgraded shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. Wolfe Research reissued an “outperform” rating and issued a $160.00 target price on shares of Workday in a report on Friday, May 22nd. Bank of America began coverage on Workday in a research note on Wednesday, May 27th. They set a “neutral” rating and a $140.00 price target on the stock. Rosenblatt Securities cut their price target on Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, UBS Group boosted their price objective on Workday from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and an average price target of $185.03.

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.