5,235 Workday, Inc. $WDAY Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 79.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340 shares of the software maker’s stock after selling 5,235 shares during the period. Howard Capital Management LLC’s holdings in Workday were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. increased its holdings in Workday by 2.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 385,790 shares of the software maker’s stock worth $73,478,000 after acquiring an additional 10,087 shares in the last quarter. Ninety One UK Ltd acquired a new position in Workday during the third quarter worth $590,000. WealthPlan Investment Management LLC acquired a new position in Workday during the third quarter worth $206,000. B.A. Schrock Wealth Management Inc. acquired a new position in Workday during the third quarter worth $264,000. Finally, Mather Group LLC. lifted its holdings in Workday by 32.3% during the third quarter. Mather Group LLC. now owns 2,782 shares of the software maker’s stock valued at $530,000 after purchasing an additional 679 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In other news, CAO Mark Garfield sold 918 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $189.45, for a total transaction of $173,915.10. Following the completion of the sale, the chief accounting officer owned 69,309 shares of the company’s stock, valued at $13,130,590.05. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder David Duffield sold 99,835 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $187.55, for a total transaction of $18,724,054.25. Following the completion of the sale, the insider owned 105,049 shares of the company’s stock, valued at $19,701,939.95. This trade represents a 48.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 988,104 shares of company stock worth $188,811,574 over the last 90 days. Corporate insiders own 18.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WDAY. UBS Group set a $175.00 target price on shares of Workday in a research report on Thursday. Stifel Nicolaus boosted their target price on shares of Workday from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday. Freedom Broker downgraded shares of Workday from a “buy” rating to a “hold” rating and upped their price target for the stock from $180.00 to $200.00 in a research report on Friday, August 28th. DA Davidson upped their price target on shares of Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research note on Wednesday. Nineteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.03.

Workday Stock Down 3.0%

Shares of WDAY opened at $190.81 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Workday, Inc. has a one year low of $110.36 and a one year high of $247.40. The stock has a market capitalization of $45.99 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 1.91 and a beta of 1.07. The stock has a 50 day moving average price of $191.78 and a 200 day moving average price of $153.66.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. Equities research analysts forecast that Workday, Inc. will post 5.33 earnings per share for the current fiscal year.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.