Clarkston Capital Partners LLC Buys New Shares in Workday, Inc. $WDAY

Clarkston Capital Partners LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,714 shares of the software maker’s stock, valued at approximately $9,079,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Workday during the 2nd quarter worth about $25,000. Berbice Capital Management LLC raised its holdings in shares of Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC lifted its stake in Workday by 2,216.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Workday in the 3rd quarter valued at about $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Workday during the second quarter worth about $41,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other Workday news, insider Robert Enslin sold 22,185 shares of the stock in a transaction 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 transaction, the insider owned 106,330 shares in the company, valued at $22,347,376.10. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the completion of the sale, the chief executive officer directly owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. The trade was a 15.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 395,796 shares of company stock worth $75,909,516. Corporate insiders own 20.00% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

• Positive Sentiment: High‑profile endorsement for new leadership: TV host Jim Cramer called Workday’s new CEO “terrific,” which can boost investor sentiment and short‑term demand. Jim Cramer Considers Workday’s New CEO “Terrific”
• Positive Sentiment: Technical/flow support: recent bargain‑hunting and a short‑covering rally have driven quick gains after February’s pullback, attracting momentum traders. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
• Positive Sentiment: Founder returns to CEO role with stronger AI emphasis — investors view this as a signal of strategic focus on AI product development, which could support longer‑term revenue expansion if execution succeeds. Workday Founder Returns As CEO While AI Focus Shapes Valuation Outlook
• Neutral Sentiment: Board granted CEO Aneel Bhusri a new equity package; this aligns leadership with shareholders but can raise dilution questions depending on structure. Workday Grants CEO Aneel Bhusri New Equity Package
• Neutral Sentiment: Macro backdrop remains a headwind for growth software names (inflation/higher rates), which can cap upside even during sector‑specific rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
• Neutral Sentiment: Competitive landscape: emerging AI/analytics startups (e.g., Pigment) are targeting planning/analytics customers — something to monitor but not an immediate earnings threat. The French AI startup gunning for Workday, Oracle, and SAP
• Negative Sentiment: Analysts trimming targets: Citi cut its price target to $148 (from $247) and Morgan Stanley and others have reduced targets — a clear near‑term drag on sentiment and potential selling pressure. Workday, Inc. (WDAY) Price Target Lowered to $148 at Citi
• Negative Sentiment: Large insider sale: co‑founder David Duffield sold 107,500 shares (~$14.4M) and cut his stake roughly in half — markets can interpret this as a negative signal on insider conviction or simply liquidity‑driven. SEC Filing — Duffield Sale
• Negative Sentiment: Estimate‑revision risk: analyst commentary highlights slowing growth, margin pressure and falling EPS revisions as Workday invests in AI and new markets — a potential medium‑term headwind for valuations. Should You Avoid WDAY Stock Amid Declining Estimate Revisions?

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WDAY. Evercore downgraded Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target on the stock. in a research report on Wednesday, February 25th. TD Cowen cut Workday from a “buy” rating to a “hold” rating and set a $155.00 price objective for the company. in a research report on Wednesday, February 25th. Citigroup decreased their target price on Workday from $247.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group dropped their price target on Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Rosenblatt Securities cut their price target on Workday from $180.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.19.

Workday Trading Up 2.6%

Shares of NASDAQ:WDAY opened at $151.04 on Monday. Workday, Inc. has a 12-month low of $117.76 and a 12-month high of $276.00. The business has a 50 day moving average of $172.17 and a 200-day moving average of $208.84. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $39.72 billion, a PE ratio of 58.54, a P/E/G ratio of 1.47 and a beta of 1.17.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

About Workday

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.