Champlain Investment Partners LLC Reduces Stock Position in Workday, Inc. $WDAY

Champlain Investment Partners LLC decreased its position in Workday, Inc. (NASDAQ:WDAY) by 25.9% during the third quarter, Holdings Channel.com reports. The fund owned 560,460 shares of the software maker’s stock after selling 196,384 shares during the quarter. Champlain Investment Partners LLC’s holdings in Workday were worth $134,920,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new stake in shares of Workday in the second quarter worth about $25,000. Berbice Capital Management LLC raised its position in Workday by 136.4% during 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 last quarter. Golden State Wealth Management LLC lifted its holdings 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 worth $33,000 after buying an additional 133 shares during the period. Root Financial Partners LLC bought a new stake in shares of Workday in the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Workday in the 2nd quarter worth approximately $41,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: New partner integrations broaden Workday’s product footprint — HR Acuity has joined the Workday Innovation Partner Program, offering bi-directional syncing for employee relations and investigations that strengthens Workday’s HR case-management ecosystem. HR Acuity Joins the Workday Innovation Partner Program
• Positive Sentiment: Workday is pushing into the small & midsized business segment with Insperity HRScale, a joint HR solution that can help expand addressable market and recurring revenue opportunities. Workday Expands HR Partnerships While Shares Trade Below Analyst Expectations
• Positive Sentiment: Analyst sentiment remains constructive — average brokerage recommendations and Wall Street coverage continue to skew bullish, which supports demand for the shares. Is It Worth Investing in Workday (WDAY) Based on Wall Street’s Bullish Views?
• Positive Sentiment: Macro/sector confidence: prominent investors (e.g., Sequoia’s Alfred Lin) say the SaaS space remains attractive despite AI-driven hype, which helps sentiment toward large enterprise software names like Workday. Why Sequoia’s Alfred Lin isn’t worried about the SaaS-pocalypse
• Positive Sentiment: Market reaction to results suggests investor confidence — Workday’s strong revenue growth and an EPS beat helped shares rally and prompted commentary that the company may be signaling a bottom in SaaS sentiment. Did Workday Help Signal the SaaS Bottom?
• Neutral Sentiment: Q4 was a mixed but overall solid print — revenue and EPS beat year-ago levels, but management provided conservative guidance, creating a balanced near-term outlook for growth vs. margin/expense pacing. Reflecting On Finance and HR Software Stocks’ Q4 Earnings: Workday (NASDAQ:WDAY)
• Neutral Sentiment: Media commentary (e.g., Jim Cramer) highlights both the AI opportunity and the risk of rapid sector rotation, adding some cautionary tone that could limit exuberant rallies. Jim Cramer Talks About Effect of AI on Stocks Like Workday
• Negative Sentiment: Shares remain below some analyst expectations and valuation metrics (high P/E vs. growth), and conservative guidance could pressure sentiment if future quarters disappoint. Workday Expands HR Partnerships While Shares Trade Below Analyst Expectations

Workday Price Performance

WDAY stock opened at $134.01 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The firm has a 50 day moving average price of $177.85 and a 200-day moving average price of $211.17. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The firm has a market capitalization of $35.24 billion, a price-to-earnings ratio of 51.94, a PEG ratio of 1.31 and a beta of 1.17.

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

Insider Activity

In other news, major shareholder David A. Duffield sold 82,884 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the transaction, the insider owned 105,049 shares in the company, valued at approximately $22,034,027.75. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the sale, the chief executive officer owned 17,097 shares in the company, 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 three months, insiders sold 288,296 shares of company stock valued at $61,461,516. 20.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on WDAY shares. BTIG Research decreased their target price on Workday from $230.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Sanford C. Bernstein decreased their price objective on shares of Workday from $298.00 to $214.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Wall Street Zen cut shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Oppenheimer cut their target price on shares of Workday from $200.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Barclays decreased their price target on shares of Workday from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.19.

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.