Cornerstone Capital Inc. Cuts Position in Workday, Inc. $WDAY

Cornerstone Capital Inc. trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 42.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,841 shares of the software maker’s stock after selling 39,548 shares during the period. Cornerstone Capital Inc.’s holdings in Workday were worth $12,961,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. purchased a new stake in shares of Workday during the second quarter valued at about $25,000. Berbice Capital Management LLC raised 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 raised its stake in shares of Workday by 2,216.7% during 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 in the last quarter. Root Financial Partners LLC purchased a new stake in Workday during the third quarter valued at approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Workday in the second quarter valued at approximately $41,000. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $129.21 on Tuesday. Workday, Inc. has a 52 week low of $125.83 and a 52 week high of $281.00. The business’s 50 day moving average price is $186.18 and its 200 day moving average price is $214.16. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a market cap of $33.98 billion, a P/E ratio of 54.29, a P/E/G ratio of 1.18 and a beta of 1.14.

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

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Market technicals and long-term analyst outlooks point to upside potential — WDAY is highlighted among oversold tech names with sizable implied upside, which could attract value buyers if fundamentals hold. The Late-Stage Bull Market Is a Buying Opportunity for Tech
• Positive Sentiment: Product/implementation strength: coverage highlighting Workday integration services underscores continued demand for its HR/finance platform and potential for cross-sell and stickiness — a reminder of the company’s durable enterprise footprint. Transforming Enterprise Efficiency with Workday Integration Services
• Neutral Sentiment: Near-term earnings event: multiple previews note WDAY reports quarterly results tomorrow (Feb. 24). Earnings and guidance will likely be the immediate price driver — outcomes could either intensify the move lower or stabilize the stock. Workday Brings Back Founder CEO As AI Focus Reshapes Investor Expectations
• Neutral Sentiment: Analyst consensus is mixed-to-cautious: surveys and roundups (31 analysts, plus Wall Street notes) show a range of price targets and opinions — useful context but not decisive until earnings and guidance arrive. Assessing Workday: Insights From 31 Financial Analysts
• Neutral Sentiment: Market odds and sentiment tools (Polymarket, TipRanks) show uncertainty about whether WDAY will beat — they reflect trader/retail positioning ahead of the print but don’t substitute for the actual results. Polymarket Odds: Will AMC, HD, WDAY Beat Earnings Tomorrow?
• Negative Sentiment: Management change increases uncertainty: Workday announced the return of founder/CEO which markets often interpret as signaling a strategic reset or elevated execution risk — this has heightened investor caution. Workday Brings Back Founder CEO As AI Focus Reshapes Investor Expectations
• Negative Sentiment: Jefferies cut target sharply and downgraded WDAY citing AI-related competitive risks and an “apps reset”; that research note materially weighed on pre-market sentiment and contributed to the share decline. Workday Stock (WDAY) Slides as Jefferies Axes Target by 54% Ahead of Q4, Cites AI Fears

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the transaction, the insider owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 370,321 shares of company stock worth $78,866,401 in the last three months. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price target on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Cantor Fitzgerald set a $200.00 target price on Workday in a research report on Monday. Zacks Research cut Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Evercore set a $200.00 price target on Workday in a research note on Monday, February 9th. Finally, Piper Sandler decreased their price objective on shares of Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

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.