S&CO Inc. Makes New $2.28 Million Investment in Workday, Inc. $WDAY

S&CO Inc. acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, Holdings Channel reports. The fund acquired 18,663 shares of the software maker’s stock, valued at approximately $2,284,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rakuten Securities Inc. purchased a new position in Workday during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the 3rd quarter worth about $26,000. DT Investment Partners LLC purchased a new stake in Workday in the 4th quarter valued at about $27,000. LRI Investments LLC purchased a new stake in Workday in the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Workday during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the transaction, the insider directly owned 239,469 shares in the company, valued at approximately $32,304,368.10. This trade represents a 2.19% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 875,020 shares of company stock worth $113,938,503. Company insiders own 18.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WDAY. Morgan Stanley lowered shares of Workday from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $185.00 to $145.00 in a report on Tuesday, July 21st. TD Cowen restated a “hold” rating on shares of Workday in a report on Friday, May 22nd. William Blair raised shares of Workday to a “strong-buy” rating in a research report on Friday, May 22nd. Citigroup reaffirmed a “market perform” rating on shares of Workday in a research report on Friday, May 22nd. Finally, CLSA began coverage on shares of Workday in a research note on Monday, July 20th. They set an “underperform” rating and a $92.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $187.36.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $198.68 on Friday. The business has a 50-day moving average of $144.40 and a two-hundred day moving average of $139.30. The firm has a market capitalization of $49.07 billion, a PE ratio of 62.09, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. Workday, Inc. has a 12 month low of $110.36 and a 12 month high of $249.85.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating 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 business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $2.23 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, research analysts forecast that Workday, Inc. will post 5.38 earnings per share for the current year.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Private-equity firm Silver Lake is reportedly in discussions to acquire Workday in a potential transaction valued at roughly $43 billion. Analysts said a deal could provide a significant premium, with one estimate placing Workday’s takeover value at $240–$250 per share. However, the discussions remain preliminary, and there is no assurance that an agreement will be reached. Silver Lake in talks to buy Workday, sources say
• Positive Sentiment: Analysts and investors said a potential Workday buyout could restore confidence in beaten-down software valuations and encourage broader software mergers and acquisitions. The transaction may signal that private-equity firms still see durable value in enterprise software despite concerns about artificial-intelligence disruption. Workday buyout may restore confidence in battered software valuations
• Positive Sentiment: Workday recently reported quarterly revenue of $2.54 billion, up 13.5% year over year, while earnings exceeded analyst expectations. The company also maintained fiscal 2027 subscription-revenue guidance of $9.925 billion to $9.950 billion, supporting the view that the underlying business remains stable.
• Neutral Sentiment: Analyst reactions are mixed: Baird raised its target to $215 and maintained an outperform rating, while BMO reiterated a Buy rating with a $182 target. Piper Sandler reaffirmed Neutral with a $145 target, highlighting substantial disagreement over Workday’s standalone valuation.
• Negative Sentiment: With no definitive deal announcement or regulatory filing confirming terms, traders appear to be taking profits and reducing expectations that a transaction will close soon. Reported insider activity is also heavily weighted toward sales, including substantial selling by David Duffield, adding a cautionary signal.

Workday Company 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.