Virtu Financial LLC Purchases New Shares in Workday, Inc. $WDAY

Virtu Financial LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,724 shares of the software maker’s stock, valued at approximately $2,518,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares during the period. Janus Henderson Group PLC increased its position in shares of Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after buying an additional 2,525,821 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Workday during the third quarter valued at about $556,252,000. Norges Bank bought a new position in Workday in the fourth quarter worth about $448,804,000. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after buying an additional 1,882,391 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on WDAY shares. Rosenblatt Securities cut their price objective on Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Loop Capital set a $210.00 target price on Workday in a report on Thursday, March 12th. TD Cowen reissued a “hold” rating on shares of Workday in a research report on Friday, May 22nd. Morgan Stanley lowered their target price on Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. Finally, Needham & Company LLC dropped their price target on Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $185.03.

Workday Stock Performance

Shares of WDAY stock opened at $116.93 on Friday. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The company’s 50-day moving average is $127.53 and its 200 day moving average is $156.56. The company has a market capitalization of $28.88 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. Workday’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $2.23 EPS. Sell-side analysts expect that Workday, Inc. will post 5.4 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert Enslin sold 5,373 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the sale, the insider owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. The trade was a 5.36% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 774,814 shares of company stock valued at $102,272,866. Company insiders own 18.64% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Embark’s acquisition of Commit expands third-party consulting capacity around Workday deployments, which could support more implementations, upgrades, and ecosystem activity for Workday (WDAY). Workday (WDAY) Why Embark’s Commit Deal Could Matter For Its Ecosystem
• Positive Sentiment: Euna Payments earning Workday certification and joining the Workday Marketplace reinforces the strength of Workday’s partner ecosystem and may improve customer adoption in public-sector finance workflows. Euna Payments Achieves Workday Certification…
• Neutral Sentiment: Analyst-style coverage comparing Q1 results across finance and HR software names puts Workday in the broader sector context, but it does not appear to include a company-specific catalyst. Q1 Earnings Highs And Lows: Workday…
• Neutral Sentiment: Coverage on AI-driven SaaS pricing changes could matter long term for Workday, but the piece is industry-wide rather than a direct update on the company. What CIOs should know about AI-driven SaaS pricing changes
• Neutral Sentiment: New AI tools positioning themselves as replacements for Oracle and Workday support services highlight rising competition around enterprise software administration, though the impact on Workday’s core business is indirect. Dayos Releases Athena: Agentic Replacement for Oracle and Workday AMS Contracts…
• Negative Sentiment: Recent analysis says Workday (WDAY) may be viewed as undervalued, but it also highlights weak momentum, with the stock down sharply over the past day, week, and year-to-date, which can weigh on investor sentiment. Workday (WDAY) Stock Could Be 31.7% Undervalued…
• Negative Sentiment: Workday has also been described as underperforming the technology sector over the past year, reinforcing concerns about relative strength versus peers. Workday Stock: Is WDAY Underperforming the Technology Sector?

Workday Profile

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.