CIBC Private Wealth Group LLC Cuts Position in Workday, Inc. $WDAY

CIBC Private Wealth Group LLC cut its holdings in Workday, Inc. (NASDAQ:WDAY) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,375,970 shares of the software maker’s stock after selling 36,635 shares during the period. CIBC Private Wealth Group LLC’s holdings in Workday were worth $331,237,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in Workday in the third quarter worth $9,087,000. Caerus Investment Advisors LLC bought a new position in Workday in the 3rd quarter valued at $244,000. Aspire Private Capital LLC increased its position in shares of Workday by 17.9% during the 3rd quarter. Aspire Private Capital LLC now owns 5,489 shares of the software maker’s stock valued at $1,321,000 after purchasing an additional 832 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Workday during the 3rd quarter worth $3,144,000. Finally, Danske Bank A S bought a new stake in shares of Workday during the 3rd quarter worth $44,038,000. 89.81% of the stock is currently owned by institutional investors.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced “Sana” — a global rollout of its conversational superintelligence (Sana for Workday, Sana Self‑Service Agent, and Sana Enterprise) aimed at automating HR/finance workflows and connecting Workday to apps like Gmail, Outlook and Salesforce; this product push could accelerate adoption and expand addressable spend. Read More.
• Positive Sentiment: Workday rolled out new AI agent control tools for enterprise customers, addressing governance and control concerns that often slow AI deployments — a practical move to help CIOs and procurement teams approve deployments. Read More.
• Positive Sentiment: Workday won a significant healthcare engagement: Fairview Health Services selected Workday as its core HR/finance platform for a multi‑year transformation (and Workday partnered with MRI Software to link facilities data) — a material enterprise win in a large vertical. Read More.
• Positive Sentiment: AppZen completed a Workday Design Approved integration for autonomous expense auditing, expanding Workday’s Marketplace ecosystem and making it easier for customers to adopt AI expense controls inside Workday. Read More.
• Neutral Sentiment: Workday is listed among Western U.S. companies expanding operations in Ireland alongside other tech names — a positive sign for international footprint but not an immediate revenue driver. Read More.
• Neutral Sentiment: Analyst/industry comparisons (WDAY vs. IBM) and coverage highlight mixed positioning: Workday’s growth is noted, but competitors’ cloud/AI strategies and estimate revisions create a mixed analyst backdrop. Read More.
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (about $14.3M at the sale price), reducing his direct holding by ~50.6% — a large insider sale that can spook investors even if not tied to company fundamentals. Read More.
• Negative Sentiment: Critical commentary questions Workday’s seat‑based model in an era of autonomous AI agents (“AI agents don’t buy seats”) and notes the stock’s steep YTD decline, feeding skepticism about long‑term revenue implications of agent automation. Read More.

Workday Price Performance

WDAY opened at $135.17 on Wednesday. The firm has a 50-day moving average price of $161.65 and a 200-day moving average price of $204.48. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 52.39, a PEG ratio of 1.30 and a beta of 1.16.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $1.92 EPS. Workday’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $147.16, for a total value of $15,819,700.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $15,459,010.84. The trade was a 50.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the sale, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 636,862 shares of company stock valued at $103,687,476 over the last three months. Insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Workday from $275.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Morgan Stanley lowered their price objective on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. UBS Group dropped their target price on shares of Workday from $170.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. BTIG Research reduced their target price on shares of Workday from $230.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company decreased their price target on shares of Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.71.

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.