CenterBook Partners LP Sells 24,039 Shares of Workday, Inc. $WDAY

CenterBook Partners LP cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 90.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,522 shares of the software maker’s stock after selling 24,039 shares during the quarter. CenterBook Partners LP’s holdings in Workday were worth $607,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WDAY. AlphaQuest LLC increased its stake in shares of Workday by 636.7% during the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after purchasing an additional 1,630 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in Workday during the 3rd quarter valued at $1,805,000. Phoenix Financial Ltd. purchased a new stake in shares of Workday during the 3rd quarter valued at about $2,000,000. Rakuten Investment Management Inc. bought a new stake in shares of Workday during the 3rd quarter valued at $124,718,000. Finally, Norges Bank purchased a new stake in Workday in the second quarter worth about $442,702,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Macquarie Infrastructure reiterated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Raymond James Financial reissued a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Thursday, February 5th. Finally, Evercore set a $200.00 price target on Workday in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.32.

Workday Price Performance

NASDAQ:WDAY opened at $137.81 on Friday. The company has a 50 day moving average price of $187.89 and a 200-day moving average price of $214.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. Workday, Inc. has a 1-year low of $136.64 and a 1-year high of $281.00. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 57.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.00, for a total transaction of $656,250.00. Following the completion of the sale, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at $3,590,370. The trade was a 15.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerrit S. Kazmaier sold 6,547 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the sale, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last ninety days. Company insiders own 19.31% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Founder returns as CEO, refocusing on the AI roadmap and investor messaging — a leadership move that investors often view as constructive for execution on AI and product strategy. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Positive Sentiment: Rosenblatt upgraded WDAY to Buy, adding near‑term buying support from an upgrade. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: Guggenheim reiterated a Buy rating, providing some stability amid the mixed broker activity. Guggenheim Reiterates Buy Rating for Workday (NASDAQ:WDAY)
• Positive Sentiment: TD Cowen (via TipRanks) kept a Buy stance, highlighting AI‑driven growth and strategic M&A as longer‑term positives even after trimming the price target to $200. Workday: AI-Driven Growth and Strategic Acquisitions Underscore Buy Rating Despite Macro and Leadership Headwinds
• Neutral Sentiment: Analysts and previews are focused on the Feb. 24 Q4 print — Zacks notes growth drivers (AI, cloud launches, sector demand) but says an earnings beat is uncertain, increasing event risk into the print. Workday Set to Report Q4 Results: Will Revenue Growth Boost Earnings?
• Neutral Sentiment: Zacks and other previews dig into key metrics beyond top‑line estimates, suggesting investors should watch subscription revenue mix, billings, margin cadence and AI product adoption. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Neutral Sentiment: Some market commentary (Seeking Alpha) argues WDAY looks oversold with upside potential, highlighting the stock’s sensitivity to sentiment vs. fundamentals. Workday: Oversold With Material Upside Potential
• Negative Sentiment: Citizens/JMP downgraded WDAY to Market Perform, reducing a chunk of buy‑side conviction and contributing to selling pressure. Workday (NASDAQ:WDAY) Rating Lowered to “Market Perform” at Citizens Jmp
• Negative Sentiment: BMO cut its price target to $204 and Oppenheimer lowered its expectations—these downgrades/target cuts compress upside and raise the bar for positive surprises. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00 Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price
• Negative Sentiment: Recent intraday weakness and Zacks coverage note the stock has been falling more than the broader market, reflecting the combined effect of downgrades, target cuts and pre‑earnings caution. Here’s Why Workday (WDAY) Fell More Than Broader Market

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.