BlackRock Amends Workday Stake, Maintains Passive Position
Ticker: WDAY · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: WDAY
TL;DR
**BlackRock still owns a chunk of Workday, signaling long-term confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Workday, Inc. Class A Common Stock as of December 31, 2023. This amendment, number 3, indicates BlackRock's continued significant, but passive, stake in Workday. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in Workday's long-term prospects, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a significant, passive stake in Workday, Inc., signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't warrant immediate action beyond monitoring Workday's performance and future filings.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Workday, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
- Class A Common Stock (other) — the type of securities held by BlackRock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Workday, Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously filed statement of beneficial ownership by a passive investor.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager, as stated in the 'FILED BY' section of the filing.
What is the subject company whose shares are being reported?
The subject company is Workday, Inc., identified under the 'SUBJECT COMPANY' section and as the 'Name of Issuer' on the Schedule 13G form.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Workday, Inc. is 98138H101, as listed on the Schedule 13G cover page.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G form.
From the Filing
EDGAR Filing Documents for 0001086364-24-005149 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-005149 Filing Date 2024-01-29 Accepted 2024-01-29 15:26:25 Documents 1 Document Format Files Seq Description Document Type Size 1 us98138h1014_012924.txt SC 13G/A 12040 Complete submission text file 0001086364-24-005149.txt 13933 Mailing Address 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 Business Address 6110 STONERIDGE MALL ROAD PLEASANTON CA 94588 925-951-9000 Workday, Inc. (Subject) CIK : 0001327811 (see all company filings) EIN. : 202480422 | State of Incorp.: DE | Fiscal Year End: 0131 Type: SC 13G/A | Act: 34 | File No.: 005-87035 | Film No.: 24573127 SIC : 7374 Services-Computer Processing & Data Preparation (CF Office: 06 Technology) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)