Fifth Third Bancorp Cuts Holdings in Workday, Inc. $WDAY

Fifth Third Bancorp decreased its position in Workday, Inc. (NASDAQ:WDAY) by 55.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,262 shares of the software maker’s stock after selling 5,309 shares during the period. Fifth Third Bancorp’s holdings in Workday were worth $1,026,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Workday from $290.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday. KeyCorp decreased their target price on Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. DA Davidson lowered their price target on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Evercore set a $200.00 price objective on Workday in a report on Monday, February 9th. Finally, Loop Capital set a $280.00 target price on shares of Workday in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $253.32.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the transaction, the insider owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the sale, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 370,321 shares of company stock worth $78,866,401 over the last 90 days. Insiders own 19.31% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $137.81 on Friday. The business has a 50 day moving average of $187.89 and a 200 day moving average of $214.98. The company has a market capitalization of $36.24 billion, a price-to-earnings ratio of 57.90, a PEG ratio of 1.20 and a beta of 1.13. Workday, Inc. has a 1-year low of $136.64 and a 1-year high of $281.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. On average, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Founder returns as CEO, refocusing on the AI roadmap and investor messaging — a leadership move that investors often view as constructive for execution on AI and product strategy. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Positive Sentiment: Rosenblatt upgraded WDAY to Buy, adding near‑term buying support from an upgrade. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: Guggenheim reiterated a Buy rating, providing some stability amid the mixed broker activity. Guggenheim Reiterates Buy Rating for Workday (NASDAQ:WDAY)
• Positive Sentiment: TD Cowen (via TipRanks) kept a Buy stance, highlighting AI‑driven growth and strategic M&A as longer‑term positives even after trimming the price target to $200. Workday: AI-Driven Growth and Strategic Acquisitions Underscore Buy Rating Despite Macro and Leadership Headwinds
• Neutral Sentiment: Analysts and previews are focused on the Feb. 24 Q4 print — Zacks notes growth drivers (AI, cloud launches, sector demand) but says an earnings beat is uncertain, increasing event risk into the print. Workday Set to Report Q4 Results: Will Revenue Growth Boost Earnings?
• Neutral Sentiment: Zacks and other previews dig into key metrics beyond top‑line estimates, suggesting investors should watch subscription revenue mix, billings, margin cadence and AI product adoption. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Neutral Sentiment: Some market commentary (Seeking Alpha) argues WDAY looks oversold with upside potential, highlighting the stock’s sensitivity to sentiment vs. fundamentals. Workday: Oversold With Material Upside Potential
• Negative Sentiment: Citizens/JMP downgraded WDAY to Market Perform, reducing a chunk of buy‑side conviction and contributing to selling pressure. Workday (NASDAQ:WDAY) Rating Lowered to “Market Perform” at Citizens Jmp
• Negative Sentiment: BMO cut its price target to $204 and Oppenheimer lowered its expectations—these downgrades/target cuts compress upside and raise the bar for positive surprises. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00 Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price
• Negative Sentiment: Recent intraday weakness and Zacks coverage note the stock has been falling more than the broader market, reflecting the combined effect of downgrades, target cuts and pre‑earnings caution. Here’s Why Workday (WDAY) Fell More Than Broader Market

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.