This afternoon we watched Workday drop -8.9% to a price of $210.37 per share. The large-cap Data Processing Services company is now trading -18.18% below its average target price of $257.12. Analysts have set target prices ranging from $169.0 to $310.0 per share for Workday, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 2.08. The company's insiders own 1.0% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 91.5% of Workday's shares being owned by this investor type.
Institutions Invested in Workday
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 13,746,916 | $2,891,938,651 |
| 2023-06-30 | Blackrock Inc. | 8% | 12,307,041 | $2,589,032,155 |
| 2023-06-30 | Janus Henderson Group PLC | 5% | 8,156,790 | $1,715,943,872 |
| 2023-06-30 | Baillie Gifford and Company | 5% | 7,177,891 | $1,510,012,894 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 5,135,026 | $1,080,255,394 |
| 2023-06-30 | FMR, LLC | 3% | 4,874,934 | $1,025,539,841 |
| 2023-06-30 | State Street Corporation | 3% | 4,293,651 | $903,255,339 |
| 2023-06-30 | Sustainable Growth Advisors, LP | 3% | 4,146,929 | $872,389,433 |
| 2023-06-30 | Polen Capital Management, LLC | 2% | 3,871,968 | $814,545,889 |
| 2023-06-30 | Wellington Management Group, LLP | 2% | 3,757,209 | $790,404,038 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Workday.
