Howard Capital Management LLC Sells 5,235 Shares of Workday, Inc. $WDAY

Howard Capital Management LLC lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 79.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,340 shares of the software maker’s stock after selling 5,235 shares during the period. Howard Capital Management LLC’s holdings in Workday were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in Workday by 2.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 385,790 shares of the software maker’s stock worth $73,478,000 after purchasing an additional 10,087 shares during the period. Ninety One UK Ltd purchased a new position in shares of Workday during the 3rd quarter valued at about $590,000. WealthPlan Investment Management LLC purchased a new position in shares of Workday during the 3rd quarter valued at about $206,000. B.A. Schrock Wealth Management Inc. purchased a new position in shares of Workday during the 3rd quarter valued at about $264,000. Finally, Mather Group LLC. lifted its holdings in shares of Workday by 32.3% in the 3rd quarter. Mather Group LLC. now owns 2,782 shares of the software maker’s stock valued at $530,000 after buying an additional 679 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Down 3.0%

WDAY stock opened at $190.81 on Friday. The firm has a market cap of $45.99 billion, a PE ratio of 38.70, a P/E/G ratio of 1.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s fifty day moving average is $191.78 and its 200 day moving average is $153.66. Workday, Inc. has a one year low of $110.36 and a one year high of $247.40.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts forecast that Workday, Inc. will post 5.33 EPS for the current year.

Insider Buying and Selling at Workday

In other news, insider Robert Enslin sold 5,374 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $187.00, for a total transaction of $1,004,938.00. Following the sale, the insider directly owned 226,233 shares of the company’s stock, valued at $42,305,571. This represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total value of $1,123,380.00. Following the sale, the chief financial officer owned 269,642 shares in the company, valued at $50,485,071.66. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders sold 988,104 shares of company stock worth $188,811,574. 18.64% of the stock is currently owned by company insiders.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDAY. Needham & Company LLC restated a “buy” rating and issued a $230.00 target price on shares of Workday in a research note on Monday, October 5th. William Blair reaffirmed an “outperform” rating on shares of Workday in a report on Friday, August 28th. Oppenheimer reiterated an “outperform” rating on shares of Workday in a research report on Wednesday. Piper Sandler lifted their price target on Workday from $145.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Finally, The Goldman Sachs Group boosted their price target on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a report on Monday, August 31st. Nineteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Hold” and a consensus target price of $205.03.

Workday Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.