Workday stock is trading -22.38% below its average target price of $276.69 after marking a 3.4% during today's afternoon session. Analysts are giving the Large-Cap Data Processing Services company an average rating of buy and target prices ranging from $190.0 to $350.0 per share.
Workday's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 2.33. The company's insiders own 1.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 91.7%. In conclusion, we believe there is positive market sentiment regarding Workday.
Institutions Invested in Workday
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 14,772,665 | $3,172,503,744 |
| 2024-03-31 | Blackrock Inc. | 9% | 13,708,120 | $2,943,887,377 |
| 2024-03-31 | Baillie Gifford and Company | 4% | 6,678,411 | $1,434,222,186 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 5,856,763 | $1,257,769,166 |
| 2023-12-31 | Norges Bank Investment Management | 3% | 5,401,541 | $1,160,007,963 |
| 2024-03-31 | Viking Global Investors, L.P. | 3% | 5,288,586 | $1,135,750,312 |
| 2024-03-31 | State Street Corporation | 3% | 4,631,934 | $994,731,008 |
| 2024-03-31 | Janus Henderson Group PLC | 3% | 4,450,001 | $955,659,986 |
| 2024-03-31 | FMR, LLC | 2% | 3,769,666 | $809,554,640 |
| 2024-03-31 | Polen Capital Management, LLC | 2% | 3,682,106 | $790,750,692 |
