CIBC Private Wealth Group LLC Sells 36,635 Shares of Workday, Inc. $WDAY

CIBC Private Wealth Group LLC lowered its position in Workday, Inc. (NASDAQ:WDAY) by 2.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,375,970 shares of the software maker’s stock after selling 36,635 shares during the period. CIBC Private Wealth Group LLC owned 0.52% of Workday worth $331,237,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Perennial Investment Advisors LLC increased its position in shares of Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after buying an additional 48 shares during the period. Bay Harbor Wealth Management LLC lifted its holdings in Workday by 12.0% in the third quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after buying an additional 49 shares during the period. Farther Finance Advisors LLC boosted its position in Workday by 1.2% during the third quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after acquiring an additional 49 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Workday by 1.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock worth $1,091,000 after acquiring an additional 50 shares during the period. Finally, Strategic Investment Advisors MI grew its holdings in Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

Shares of WDAY opened at $135.17 on Wednesday. The firm has a market capitalization of $34.74 billion, a P/E ratio of 52.39, a P/E/G ratio of 1.30 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 stock has a 50 day moving average price of $161.65 and a two-hundred day moving average price of $204.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. BMO Capital Markets decreased their target price on Workday from $204.00 to $182.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen downgraded Workday from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, February 25th. Finally, 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 report on Thursday, February 26th. Nineteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.71.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the completion of the sale, the insider owned 105,167 shares in the company, valued at $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’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 directly owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 636,862 shares of company stock worth $103,687,476 in the last three months. 20.00% of the stock is owned by corporate insiders.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced “Sana” — a global rollout of its conversational superintelligence (Sana for Workday, Sana Self‑Service Agent, and Sana Enterprise) aimed at automating HR/finance workflows and connecting Workday to apps like Gmail, Outlook and Salesforce; this product push could accelerate adoption and expand addressable spend. Read More.
• Positive Sentiment: Workday rolled out new AI agent control tools for enterprise customers, addressing governance and control concerns that often slow AI deployments — a practical move to help CIOs and procurement teams approve deployments. Read More.
• Positive Sentiment: Workday won a significant healthcare engagement: Fairview Health Services selected Workday as its core HR/finance platform for a multi‑year transformation (and Workday partnered with MRI Software to link facilities data) — a material enterprise win in a large vertical. Read More.
• Positive Sentiment: AppZen completed a Workday Design Approved integration for autonomous expense auditing, expanding Workday’s Marketplace ecosystem and making it easier for customers to adopt AI expense controls inside Workday. Read More.
• Neutral Sentiment: Workday is listed among Western U.S. companies expanding operations in Ireland alongside other tech names — a positive sign for international footprint but not an immediate revenue driver. Read More.
• Neutral Sentiment: Analyst/industry comparisons (WDAY vs. IBM) and coverage highlight mixed positioning: Workday’s growth is noted, but competitors’ cloud/AI strategies and estimate revisions create a mixed analyst backdrop. Read More.
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (about $14.3M at the sale price), reducing his direct holding by ~50.6% — a large insider sale that can spook investors even if not tied to company fundamentals. Read More.
• Negative Sentiment: Critical commentary questions Workday’s seat‑based model in an era of autonomous AI agents (“AI agents don’t buy seats”) and notes the stock’s steep YTD decline, feeding skepticism about long‑term revenue implications of agent automation. Read More.

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.