Workday, Inc. $WDAY Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 90.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Workday during the 2nd quarter worth $442,702,000. Vanguard Group Inc. grew its position in Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock worth $5,247,687,000 after purchasing an additional 684,872 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Workday by 415.6% during the second quarter. AQR Capital Management LLC now owns 675,148 shares of the software maker’s stock valued at $162,036,000 after purchasing an additional 544,192 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Workday during the 3rd quarter valued at $124,718,000. Finally, Fernbridge Capital Management LP raised its holdings in shares of Workday by 58.6% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,241,380 shares of the software maker’s stock worth $297,931,000 after purchasing an additional 458,598 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Trading Down 1.6%

WDAY stock opened at $137.81 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday, Inc. has a 52 week low of $136.64 and a 52 week high of $281.00. The company’s 50-day simple moving average is $187.89 and its 200 day simple moving average is $214.91. The company has a market capitalization of $36.24 billion, a PE ratio of 57.90, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Key Stories 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

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 370,321 shares of company stock worth $78,866,401 over the last 90 days. 19.31% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on WDAY. Rosenblatt Securities upgraded shares of Workday from a “hold” rating to a “buy” rating and decreased their price target for the stock from $235.00 to $180.00 in a report on Tuesday, February 17th. BMO Capital Markets decreased their price objective on Workday from $285.00 to $204.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Guggenheim reissued a “buy” rating and set a $285.00 price objective on shares of Workday in a report on Wednesday. Wells Fargo & Company lowered their price target on shares of Workday from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, BTIG Research cut their target price on shares of Workday from $285.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, February 9th. One 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $253.32.

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.