ProShare Advisors LLC Decreases Stock Holdings in Workday, Inc. $WDAY

ProShare Advisors LLC lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 16.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,591 shares of the software maker’s stock after selling 55,325 shares during the period. ProShare Advisors LLC owned 0.11% of Workday worth $68,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Rakuten Securities Inc. purchased a new position in Workday in the second quarter worth $25,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares during the last quarter. Golden State Wealth Management LLC increased its position in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after buying an additional 133 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Workday in the third quarter valued at about $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Workday in the second quarter worth about $41,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Robert Enslin sold 22,185 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.17, for a total value of $4,662,621.45. Following the completion of the transaction, the insider owned 106,330 shares of the company’s stock, valued at approximately $22,347,376.10. This represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 82,884 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the transaction, the insider owned 105,049 shares in the company, valued at $22,034,027.75. This represents a 44.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 370,321 shares of company stock valued at $78,866,401 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Zacks Research downgraded shares of Workday from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Citigroup cut their price target on shares of Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Workday in a research note on Wednesday, November 26th. Citizens Jmp reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group began coverage on Workday in a research report on Monday, January 12th. They set a “neutral” rating and a $238.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $271.18.

Workday Stock Down 5.1%

Shares of WDAY opened at $154.56 on Tuesday. The company has a market capitalization of $40.65 billion, a price-to-earnings ratio of 64.94, a PEG ratio of 1.39 and a beta of 1.14. Workday, Inc. has a 52 week low of $147.35 and a 52 week high of $281.00. The stock’s 50-day moving average price is $201.59 and its 200-day moving average price is $220.40. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34.

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

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Needham reiterated a Buy and $300 price target, arguing the CEO transition could accelerate AI-driven product innovation and add long‑term upside. Workday: CEO Transition to Co‑Founder Signals AI‑Driven Innovation and Long‑Term Growth Upside
• Positive Sentiment: William Blair reiterated a Buy, calling the sell‑off a “buyable dip” given intact fundamentals and a reaffirmed outlook. Workday: CEO Transition Creates a Buyable Dip Amid Intact Fundamentals and Reaffirmed Outlook
• Neutral Sentiment: Company press release: co‑founder Aneel Bhusri returns as CEO, Carl Eschenbach steps down but will serve as a strategic advisor; Workday says it reaffirms its fiscal Q4 and full‑year FY26 outlook (management frames the move as positioning the firm for the AI era). Workday Announces CEO Transition as Co-Founder Aneel Bhusri Returns to Lead the Company’s Next Chapter
• Neutral Sentiment: Stifel maintained a Hold, flagging execution uncertainty and FY27 guidance risks tied to the timing of the leadership change. Workday: CEO Transition, Execution Uncertainty, and FY27 Guidance Risks Justify Cautious Hold Rating
• Negative Sentiment: Market reaction: shares fell sharply on the leadership change as investors worry about timing, lost sales relationships under the departing CEO, and broader weak sentiment for software stocks; several outlets note the stock decline and heavier‑than‑normal volume. Workday’s stock falls as CEO change sounds like ‘really bad news’ to this analyst
• Negative Sentiment: Workforce restructuring and related impairment charges announced Feb. 8 could weigh on near‑term profitability and add to investor concern amid the management shakeup. Workday Announces Workforce Restructuring and Related Impairment Charges

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.