Workday, Inc. $WDAY Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in Workday, Inc. (NASDAQ:WDAY) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 584,235 shares of the software maker’s stock after selling 19,709 shares during the quarter. Hsbc Holdings PLC’s holdings in Workday were worth $125,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in Workday during the fourth quarter worth about $66,000. Anchor Investment Management LLC boosted its stake in shares of Workday by 7.3% in the fourth quarter. Anchor Investment Management LLC now owns 8,316 shares of the software maker’s stock valued at $1,786,000 after purchasing an additional 563 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Workday by 840.9% in the fourth quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock valued at $164,317,000 after purchasing an additional 683,741 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Workday in the fourth quarter valued at approximately $2,518,000. Finally, Compound Planning Inc. increased its stake in Workday by 32.8% during the 4th quarter. Compound Planning Inc. now owns 2,818 shares of the software maker’s stock worth $605,000 after buying an additional 696 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Embark’s acquisition of Commit expands third-party consulting capacity around Workday deployments, which could support more implementations, upgrades, and ecosystem activity for Workday (WDAY). Workday (WDAY) Why Embark’s Commit Deal Could Matter For Its Ecosystem
• Positive Sentiment: Euna Payments earning Workday certification and joining the Workday Marketplace reinforces the strength of Workday’s partner ecosystem and may improve customer adoption in public-sector finance workflows. Euna Payments Achieves Workday Certification…
• Neutral Sentiment: Analyst-style coverage comparing Q1 results across finance and HR software names puts Workday in the broader sector context, but it does not appear to include a company-specific catalyst. Q1 Earnings Highs And Lows: Workday…
• Neutral Sentiment: Coverage on AI-driven SaaS pricing changes could matter long term for Workday, but the piece is industry-wide rather than a direct update on the company. What CIOs should know about AI-driven SaaS pricing changes
• Neutral Sentiment: New AI tools positioning themselves as replacements for Oracle and Workday support services highlight rising competition around enterprise software administration, though the impact on Workday’s core business is indirect. Dayos Releases Athena: Agentic Replacement for Oracle and Workday AMS Contracts…
• Negative Sentiment: Recent analysis says Workday (WDAY) may be viewed as undervalued, but it also highlights weak momentum, with the stock down sharply over the past day, week, and year-to-date, which can weigh on investor sentiment. Workday (WDAY) Stock Could Be 31.7% Undervalued…
• Negative Sentiment: Workday has also been described as underperforming the technology sector over the past year, reinforcing concerns about relative strength versus peers. Workday Stock: Is WDAY Underperforming the Technology Sector?

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total transaction of $769,320.00. Following the completion of the sale, the chief financial officer owned 217,930 shares in the company, valued at $27,942,984.60. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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, insider Robert Enslin sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the transaction, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This trade represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders sold 667,314 shares of company stock worth $87,564,716. Corporate insiders own 18.64% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $116.93 on Monday. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The company’s 50 day moving average is $127.53 and its two-hundred day moving average is $156.16. The company has a market cap of $28.88 billion, a PE ratio of 36.54, a P/E/G ratio of 1.25 and a beta of 1.09. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company earned $2.23 EPS. 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 5.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of research reports. UBS Group increased their target price on shares of Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Workday in a research report on Friday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a research note on Wednesday. Morgan Stanley decreased their target price on Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Finally, Guggenheim cut their price target on Workday from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

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.