DAVENPORT & Co LLC Trims Stake in Workday, Inc. $WDAY

DAVENPORT & Co LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,873 shares of the software maker’s stock after selling 8,263 shares during the period. DAVENPORT & Co LLC’s holdings in Workday were worth $2,121,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new stake in Workday in the third quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new stake in Workday during the third quarter valued at approximately $30,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Workday in the 3rd quarter worth $40,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research analyst reports. Rosenblatt Securities dropped their price objective on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Robert W. Baird set a $195.00 price objective on Workday in a report on Tuesday, February 24th. Royal Bank Of Canada reduced their price objective on Workday from $220.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Morgan Stanley decreased their price objective on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. Nineteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Workday Stock Performance

Workday stock opened at $124.18 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $31.91 billion, a PE ratio of 48.13, a P/E/G ratio of 1.21 and a beta of 1.16. The firm has a fifty day simple moving average of $150.42 and a two-hundred day simple moving average of $199.06. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00.

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

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts remain broadly bullish on Workday, citing strong AI momentum and placement on lists of undervalued cloud names; roughly 60% of analysts keep bullish ratings and the consensus price target (~$180) implies meaningful upside versus current levels. This underpins a constructive medium‑term thesis if AI adoption accelerates. Analysts Remain Confident in Workday (WDAY)’s Outlook Amid Strong AI Momentum
• Neutral Sentiment: Workday set its 2026 annual stockholder meeting for June 16 (virtual) — a routine corporate governance event that gives investors a forum for Q&A but is unlikely to move the stock by itself. Workday Announces Date of Annual Stockholder Meeting on June 16, 2026
• Neutral Sentiment: Street narrative is shifting: firms note increased AI investment but trim near‑term growth/margin forecasts, producing modest fair‑value resets (e.g., ~$184→$181 range). Investors are debating how much to value AI investments versus near‑term earnings trade‑offs. How The Workday (WDAY) Story Is Shifting Toward AI Investment And Slower Growth Expectations
• Negative Sentiment: At least one published price target was cut substantially (reported ~22.8% cut to $186.30), signaling analysts are lowering near‑term expectations and putting downward pressure on sentiment and multiple. Workday (WDAY) price target decreased by 22.83% to 186.30
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (a reported ~50% reduction in his disclosed holdings), a large insider sale that can spook investors and suggest near‑term liquidity taking by insiders. SEC Form 4: Duffield sale
• Negative Sentiment: Coverage pieces highlight a prolonged share‑price slide (~40–48% over the past year in some pieces) and ongoing valuation reassessment; that backdrop increases sensitivity to any bearish data (cuts, insider sales, slower guidance). Is Workday (WDAY) Now Offering Value After A 48% One-Year Share Price Slide?

Insider Buying and Selling

In other Workday news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $136.82, for a total value of $14,708,150.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $14,372,804.18. This trade represents a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 765,036 shares of company stock valued at $113,952,492. 19.31% of the stock is owned by insiders.

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.