Bristol John W & Co. Inc. NY Lowers Holdings in Workday, Inc. $WDAY

Bristol John W & Co. Inc. NY decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 570,752 shares of the software maker’s stock after selling 10,323 shares during the quarter. Workday makes up approximately 2.2% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 14th biggest position. Bristol John W & Co. Inc. NY’s holdings in Workday were worth $137,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Perennial Investment Advisors LLC lifted its stake in Workday by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after acquiring an additional 48 shares during the period. Bay Harbor Wealth Management LLC grew its holdings in Workday by 12.0% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock worth $110,000 after acquiring an additional 49 shares in the last quarter. Farther Finance Advisors LLC increased its position in Workday by 1.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after purchasing an additional 49 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Workday by 1.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock valued at $1,091,000 after purchasing an additional 50 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its holdings in shares of Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 2.7%

NASDAQ:WDAY opened at $134.14 on Friday. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 1.34 and a beta of 1.16. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $166.12 and a 200 day moving average of $206.73.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) 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 business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $134.40, for a total transaction of $14,448,000.00. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $14,118,585.60. The trade was a 50.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 610,796 shares of company stock valued at $107,013,566 in the last 90 days. Corporate insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Citigroup reduced their price objective on shares of Workday from $247.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their target price on Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada cut their price target on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Stifel Nicolaus set a $175.00 price target on Workday in a research report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Fairview Health Services selected Workday’s AI‑powered HR, finance and supply‑chain suite — a notable enterprise customer win that validates Workday’s platform strategy and could contribute recurring subscription revenue over time. Read More.
• Positive Sentiment: Partnerships with Lyra Health (mental‑health integration) and Insperity (HRScale for SMBs) expand Workday’s HCM ecosystem and open cross‑sell/up‑sell opportunities in wellness and mid‑market segments. Read More.
• Positive Sentiment: Industry recognition — named a strategic partner of the year — helps channel credibility and partner momentum for services/implementations. Read More.
• Neutral Sentiment: Third‑party integrations and partnerships (Persona candidate verification; Kognitiv + Syndio for EU pay transparency) increase Workday’s ecosystem stickiness but are incremental and not immediate revenue catalysts. Read More.
• Neutral Sentiment: Broader software‑industry commentary around AI automation frames a favorable narrative for platform vendors like Workday, but it’s high level and doesn’t change near‑term revenue/earnings. Read More.
• Negative Sentiment: Major insider selling: co‑founder David A. Duffield sold 107,500 shares (~$15.3M at ~$142.18), cutting his stake roughly in half — a headline that can weigh on investor confidence even if for personal/liquidity reasons. Read More.
• Negative Sentiment: Analyst/valuation and guidance pressure: recent commentary has trimmed fair‑value estimates (~20% cut cited) and flagged softer subscription guidance plus higher planned investment — a combination that has pressured sentiment and the stock multiple. Read More.
• Negative Sentiment: Negative narratives on user experience/recruiting friction surfaced in commentary pieces, which can amplify short‑term sentiment risk though they are less directly tied to revenue. Read More.

Workday Company 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.