Group 1 - Shares of Workday increased by over 6% following the disclosure of a stake exceeding $2 billion by activist investor Elliott Management [1] - Elliott Management expressed support for Workday's leadership, highlighting effective management by the CEO and CFO in recent years [1] - Workday announced a stock repurchase plan of $5 billion through fiscal 2027, indicating confidence in its growth trajectory [1] Group 2 - Workday is actively pursuing acquisitions to enhance its position in artificial intelligence, including a recent $1.1 billion deal to acquire AI firm Sana [2] - The HR software sector is experiencing increased M&A activity, exemplified by Thoma Bravo's agreement to acquire Dayforce, a competitor, for $12.3 billion [2]

Activist investor Elliott said Tuesday that it had built a stake of more than $2 billion in the HR software company. ...

(Reuters) - Activist investor Elliott Management said on Tuesday it has built a stake of more than $2 billion in human resources software provider Workday (WDAY), while voicing support for the company's leadership. WorkDay stock rose 9% before the bell on Wednesday. Elliott praised Workday's chief executive officer and chief financial officer, citing strong progress in recent years and describing its management team as proven and effective. The investor added it was pleased with its dialogue with the co ...