WDAY Stock Remains Below 52-Week High After Recent Surge

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.