Vestmark Advisory Solutions Inc. Sells 5,327 Shares of Workday, Inc. $WDAY

Vestmark Advisory Solutions Inc. cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 62.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,266 shares of the software maker’s stock after selling 5,327 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Workday were worth $786,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WDAY. AlphaQuest LLC lifted its position in shares of Workday by 636.7% during the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock valued at $453,000 after buying an additional 1,630 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Workday during the 3rd quarter worth approximately $1,805,000. Phoenix Financial Ltd. purchased a new stake in Workday during the third quarter valued at approximately $2,000,000. Rakuten Investment Management Inc. purchased a new stake in Workday during the third quarter valued at approximately $124,718,000. Finally, Norges Bank acquired a new stake in Workday in the second quarter valued at approximately $442,702,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WDAY. Wells Fargo & Company reduced their price target on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday. Robert W. Baird set a $195.00 target price on Workday in a research report on Tuesday. DA Davidson decreased their price target on Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday. Rosenblatt Securities lowered their price target on Workday from $180.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday. Finally, BMO Capital Markets cut their price objective on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $205.19.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the sale, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 370,321 shares of company stock valued at $78,866,401. 19.31% of the stock is owned by corporate insiders.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday expanded its addressable market by launching Insperity HRScale to sell Workday HCM paired with Insperity’s outsourced HR services to small and midsized businesses — a clear growth lever outside its large‑enterprise base. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Some bullish commentaries argue the pullback creates a buying opportunity — investors pointing to strong Q4 revenue/earnings beats, improving margins and buyback/institutional support as potential catalysts for a rebound. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Leadership change: co‑founder/executive chairman Aneel Bhusri is returning to a more active role — this reduces execution risk long term but creates near‑term uncertainty as management navigates the revised guidance and AI strategy. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return
• Negative Sentiment: Analysts are cutting targets and ratings en masse after the softer FY27 subscription/revenue outlook — BMO lowered its price target to $182. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $182.00
• Negative Sentiment: Additional downgrades: TD Cowen cut its rating to Hold and Evercore moved WDAY to In‑Line — these sell‑side actions amplify selling pressure and reduce near‑term demand. Workday (NASDAQ:WDAY) Stock Rating Lowered by TD Cowen Workday (NASDAQ:WDAY) Rating Lowered to “In-Line” at Evercore
• Negative Sentiment: Large price‑target cuts from multiple firms (Citigroup to $148, UBS/Piper/DA Davidson and others lowered targets) reflect lower near‑term expectations and are pressuring the stock. Citigroup price target cut coverage
• Negative Sentiment: Fundamental concern: despite the Q4 beat, Workday issued softer FY27 guidance and said some large deals are taking longer to close; investors are also wrestling with AI disruption narratives. That combination is driving elevated short interest and the current selloff. Workday (WDAY) Is Down After Softer Outlook and CEO Comments

Workday Trading Up 4.5%

Shares of NASDAQ:WDAY opened at $139.11 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The stock has a market cap of $36.59 billion, a price-to-earnings ratio of 53.92, a PEG ratio of 1.14 and a beta of 1.13. The business has a 50-day moving average price of $181.23 and a 200-day moving average price of $212.44.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company earned $1.92 EPS. Workday’s quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

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.