Fisher Asset Management LLC Sells 4,170 Shares of Workday, Inc. $WDAY

Fisher Asset Management LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,330 shares of the software maker’s stock after selling 4,170 shares during the period. Fisher Asset Management LLC’s holdings in Workday were worth $8,264,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake 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 acquiring an additional 2,792 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Workday by 12.1% in the 1st 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. increased 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 valued at $44,000 after purchasing an additional 127 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Workday during the 2nd quarter valued at about $281,000. Finally, Ellevest Inc. bought a new stake in Workday in the 2nd quarter worth approximately $205,000. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Up 2.9%

Shares of WDAY stock opened at $147.18 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.83. The firm has a fifty day moving average price of $173.57 and a 200-day moving average price of $209.68. The company has a market cap of $38.71 billion, a price-to-earnings ratio of 57.05, a PEG ratio of 1.40 and a beta of 1.16. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 EPS. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the sale, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Enslin sold 22,185 shares of the stock in a transaction 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 395,796 shares of company stock valued at $75,909,516 in the last quarter. Company insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent research reports. Stifel Nicolaus set a $175.00 price objective on Workday in a research note on Monday, February 9th. Wells Fargo & Company dropped their price target on shares of Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. TD Cowen lowered shares of Workday from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Workday in a research note on Monday, February 23rd. Twenty investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.19.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: High-profile endorsement: Jim Cramer called Workday’s new CEO “terrific,” a media boost that can improve short-term investor confidence and trading demand. Jim Cramer Considers Workday’s New CEO “Terrific”
• Positive Sentiment: Flow-driven rebound: The stock has seen sharp bargain-hunting after a prior selloff (a ~7% intraday bounce noted), which can attract momentum traders and short-covering in the near term. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
• Neutral Sentiment: Macro headwinds persist: Broader market worries (stubborn inflation and higher-for-longer rates) keep pressure on growth/software valuations and could cap upside even amid stock-specific rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
• Neutral Sentiment: Competitive landscape: Fortune reports Pigment (a French AI planning/analytics vendor) approaching $100M ARR — a longer-term competitor to monitor for planning/analytics customers, but not an immediate earnings shock. The French AI startup gunning for Workday, Oracle, and SAP
• Negative Sentiment: Insider selling: Co-founder/major shareholder David Duffield sold 107,500 shares (~$14.45M) and cut his stake by roughly 50% — a large, disclosed insider sale that markets can interpret negatively. SEC Filing — Duffield Sale
• Negative Sentiment: Analyst/estimate pressure: Recent commentary highlights falling estimate revisions, price-target cuts and margin concerns amid slowing growth and rising costs — factors that could depress medium-term expectations and weigh on valuation. Should You Avoid WDAY Stock Amid Declining Estimate Revisions?

About Workday

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.