Workday, Inc. $WDAY Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,634 shares of the software maker’s stock after selling 2,476 shares during the period. Workday makes up approximately 1.5% of Jackson Square Partners LLC’s investment portfolio, making the stock its 22nd largest position. Jackson Square Partners LLC’s holdings in Workday were worth $3,992,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of WDAY. Vanguard Group Inc. grew its position in shares of Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after buying an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after buying an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Workday by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after acquiring an additional 913,613 shares during the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after acquiring an additional 548,694 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This trade represents a 43.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 264,933 shares of company stock worth $61,475,760 over the last three months. Company insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $225.17 on Friday. The company has a market cap of $60.12 billion, a P/E ratio of 104.25, a PEG ratio of 2.80 and a beta of 1.11. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $234.83 and its 200 day moving average price is $238.17.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WDAY shares. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Stifel Nicolaus cut their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $265.00 price target on shares of Workday in a research report on Wednesday, September 17th. Finally, Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $287.86.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.