6,282 Workday, Inc. $WDAY Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Workday, Inc. (NASDAQ:WDAY) by 24.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,047 shares of the software maker’s stock after selling 6,282 shares during the period. State of Alaska Department of Revenue’s holdings in Workday were worth $3,627,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WDAY. Auto Owners Insurance Co raised its position in shares of Workday by 25,412.8% in the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after buying an additional 10,190,516 shares in the last quarter. Lead Edge Capital Management LLC bought a new stake in Workday during the first quarter valued at $79,988,000. Renaissance Technologies LLC bought a new stake in Workday during the first quarter valued at $75,600,000. Pacer Advisors Inc. boosted its stake in Workday by 60.4% during the first quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock valued at $159,418,000 after buying an additional 462,002 shares during the period. Finally, Carmignac Gestion purchased a new position in Workday during the first quarter worth about $59,438,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WDAY shares. Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a research note on Wednesday, September 30th. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Stifel Nicolaus lifted their price target on Workday from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday. CLSA began coverage on Workday in a report on Monday, July 20th. They set an “underperform” rating and a $92.00 price objective for the company. Finally, Dbs Bank upgraded shares of Workday to a “hold” rating in a research report on Wednesday, September 9th. Nineteen equities 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 stock. According to MarketBeat, Workday currently has an average rating of “Hold” and an average price target of $205.03.

Workday News Summary

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 Stock Performance

NASDAQ WDAY opened at $190.81 on Friday. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $247.40. The company has a fifty day moving average of $191.78 and a 200-day moving average of $153.66. The company has a market capitalization of $45.99 billion, a P/E ratio of 38.70, a P/E/G ratio of 1.91 and a beta of 1.07. 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 (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.21 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Insider Activity

In other Workday news, major shareholder David Duffield sold 99,835 shares of Workday stock in a transaction dated Friday, October 9th. The stock was 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. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $187.23, for a total value of $1,123,380.00. Following the completion of the transaction, the chief financial officer owned 269,642 shares of the company’s stock, valued at $50,485,071.66. The trade was a 2.18% 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 90 days, insiders have sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is owned by insiders.

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.