Allstate Corp Buys New Stake in Workday, Inc. $WDAY

Allstate Corp bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,999 shares of the software maker’s stock, valued at approximately $1,926,000.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Workday in the second quarter worth approximately $25,000. Berbice Capital Management LLC boosted its stake in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after acquiring an additional 75 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after acquiring an additional 133 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Workday during the second quarter worth $41,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a CAD $1 billion, five‑year investment plan in Canada to expand its Canadian business, hire talent, and support customers and communities — a tangible commitment to grow its international footprint and R&D/talent base. Workday to Invest CAD $1 Billion in Canada Over Five Years
• Positive Sentiment: Consensus broker sentiment remains constructive: coverage-average recommendations are around “Moderate Buy,” which supports demand from institutional holders. Workday, Inc. (NASDAQ:WDAY) Given Average Recommendation of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several bullish-opinion pieces highlight Workday’s enterprise AI positioning, cross‑sell potential and cloud-native advantages as a multi-year upside case — useful context for investors but largely narrative-driven rather than new company guidance. Workday, Inc. (WDAY): A Bull Case Theory
• Negative Sentiment: Goldman Sachs initiated coverage at Neutral, warning that market‑share gains may be harder than expected and that AI enthusiasm could be tempered by competitive dynamics — a notable caution from a major bank that can influence near‑term flows. Goldman Sachs Initiates Workday (WDAY) at Neutral as Challenging Market Share Gains Temper AI Optimism

Workday Stock Performance

NASDAQ WDAY opened at $182.99 on Wednesday. The company’s fifty day moving average is $214.71 and its two-hundred day moving average is $226.07. Workday, Inc. has a 52-week low of $180.83 and a 52-week high of $283.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $48.13 billion, a price-to-earnings ratio of 76.89, a P/E/G ratio of 2.11 and a beta of 1.14.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Workday in a report on Monday, January 12th. They issued a “neutral” rating and a $238.00 target price for the company. Barclays decreased their price objective on shares of Workday from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Citigroup lowered their price objective on shares of Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley boosted their target price on shares of Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.09.

Insider Transactions at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 6,547 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Enslin sold 22,185 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the sale, the insider owned 106,330 shares in the company, valued at $22,347,376.10. This trade represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 370,321 shares of company stock worth $78,866,401. Corporate insiders own 20.00% of the company’s stock.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.