Allworth Financial LP Sells 6,822 Shares of Workday, Inc. $WDAY

Allworth Financial LP trimmed its position in Workday, Inc. (NASDAQ:WDAY) by 76.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,151 shares of the software maker’s stock after selling 6,822 shares during the quarter. Allworth Financial LP’s holdings in Workday were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. First Eagle Investment Management LLC bought a new position in shares of Workday during the third quarter valued at about $556,252,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. Norges Bank bought a new stake in shares of Workday in the second quarter worth about $442,702,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock valued at $905,530,000 after purchasing an additional 1,103,421 shares during the period. Finally, Generation Investment Management LLP increased its holdings in Workday by 50.4% during the 3rd quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker’s stock valued at $743,229,000 after purchasing an additional 1,034,589 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WDAY. Wall Street Zen downgraded Workday from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Sanford C. Bernstein reduced their price objective on shares of Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Loop Capital set a $210.00 price objective on shares of Workday in a report on Thursday, March 12th. Royal Bank Of Canada dropped their target price on shares of Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Finally, DA Davidson cut their target price on shares of Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Nineteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Workday Price Performance

Shares of WDAY opened at $129.29 on Wednesday. The firm has a fifty day simple moving average of $154.30 and a two-hundred day simple moving average of $201.04. The firm has a market cap of $33.23 billion, a PE ratio of 50.11, a P/E/G ratio of 1.33 and a beta of 1.16. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday, Inc. has a 1-year low of $117.76 and a 1-year high of $276.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported improving subscription revenue and an earnings beat for the most recent quarter, supporting long‑term revenue visibility and margin progress. (Background company release)
• Positive Sentiment: Partnership/market traction: Workday’s collaboration with Harness expands AI‑driven software delivery and automation for enterprise customers — a strategic move that could accelerate product adoption and stickiness. Can Workday’s Collaboration With Harness Fuel Its Shares?
• Positive Sentiment: Third‑party ecosystem/tools: New agentic AI tools (e.g., Opkey Release Advisor) that analyze Workday releases can lower customer upgrade friction and speed feature adoption, which is supportive for product retention and upsell. Opkey Release Advisor: Speed Up Oracle and Workday Release Analysis
• Neutral Sentiment: Analyst coverage is mixed-to-positive: many firms still carry Buy/Outperform ratings, but published price targets vary widely (median noted around $195), leaving headline volatility likely as targets drift. Workday shares slide as investors continue to weigh softer FY2027 outlook and post-earnings target cuts
• Neutral Sentiment: Short‑interest reports posted for March are inconsistent/zeroed in the data feed (suggesting a data anomaly). There’s no clear evidence from these entries of a material short‑position build that would explain today’s move.
• Negative Sentiment: Softer FY2027 outlook: Investors remain focused on Workday’s fiscal‑2027 subscription revenue guidance (implied low‑teens growth), which many view as a deceleration and has prompted downward re‑rating risks.
• Negative Sentiment: Post‑earnings target cuts and sector multiple pressure: Several firms trimmed price targets after the company’s guidance, and broader SaaS valuation compression is amplifying downside. Workday shares slide as investors continue to weigh softer FY2027 outlook and post-earnings target cuts
• Negative Sentiment: Insider selling: Recent filings show meaningful insider share sales by major holders, which can weigh on investor sentiment even if sales are routine. Insider Selling: Workday Major Shareholder Sells

Insider Activity

In other news, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares of the company’s stock, valued at $33,224,232.50. This represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 657,536 shares of company stock valued at $99,244,342 in the last three months. 20.00% of the stock is currently owned by insiders.

Workday 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.