Nomura Asset Management Co. Ltd. Reduces Stock Position in Workday, Inc. $WDAY

Nomura Asset Management Co. Ltd. lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,356 shares of the software maker’s stock after selling 6,593 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Workday were worth $17,474,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Workday in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday in the third quarter valued at $26,000. DT Investment Partners LLC purchased a new position in Workday in the fourth quarter valued at $27,000. LRI Investments LLC purchased a new position in Workday in the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC purchased a new position in Workday in the third quarter valued at $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $148.88 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $257.09. The business’s 50-day moving average price is $126.08 and its 200 day moving average price is $164.85. The firm has a market cap of $36.77 billion, a P/E ratio of 46.53, a P/E/G ratio of 1.73 and a beta of 1.09.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company posted $2.23 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. On average, equities research analysts expect that Workday, Inc. will post 5.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wolfe Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Workday in a report on Friday, May 22nd. UBS Group raised their price objective on Workday from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. HC Wainwright set a $140.00 price objective on Workday in a report on Wednesday, May 27th. Finally, Bank of America assumed coverage on Workday in a report on Wednesday, May 27th. They set a “neutral” rating and a $140.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $185.03.

Insider Buying and Selling

In related news, insider Gerrit S. Kazmaier sold 9,356 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the transaction, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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. Also, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total value of $13,949,200.00. Following the transaction, the insider directly owned 105,049 shares in the company, valued at approximately $13,631,158.24. This represents a 50.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 882,314 shares of company stock valued at $117,128,291 over the last quarter. 18.64% of the stock is currently owned by insiders.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a new integration between Workday Data Cloud and AWS, giving developers bi-directional, zero-copy access to governed HR and finance data. That could strengthen Workday’s AI/data platform story and make its tools more attractive to enterprise customers. Article Title
• Positive Sentiment: The company also unveiled new developer tools for building, connecting, and verifying AI agents in HR, finance, and IT, including Developer Agent, Agent-Ready Tools, and Agent Passport. These launches reinforce Workday’s positioning as an enterprise AI platform and may support longer-term growth. Article Title
• Positive Sentiment: Workday introduced Agent Passport, a security and compliance framework for testing and monitoring AI agents, with Cisco as a launch partner. That could help ease enterprise concerns about deploying AI agents in sensitive workflows. Article Title
• Neutral Sentiment: Broader market news showed software-related stocks attracting retail buying and major indexes trading higher, which may provide some support to sentiment around software names like Workday. Article Title
• Negative Sentiment: A separate article noted that Workday fell despite its DevCon AI announcements, implying the market may be focused more on doubts about near-term monetization or the stock’s rich valuation than on the product news alone. Article Title
• Negative Sentiment: Recent commentary also highlighted Workday’s weaker longer-term stock performance and a debate over valuation multiples, which could be weighing on investor sentiment even as the company expands its AI roadmap. Article Title

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.