Mackenzie Financial Corp Reduces Position in Workday, Inc. $WDAY

Mackenzie Financial Corp decreased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 30.9% during the third quarter, HoldingsChannel reports. The firm owned 130,428 shares of the software maker’s stock after selling 58,435 shares during the quarter. Mackenzie Financial Corp’s holdings in Workday were worth $31,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Perennial Investment Advisors LLC lifted its stake in shares of Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after buying an additional 48 shares during the period. Bay Harbor Wealth Management LLC increased its position in shares of Workday by 12.0% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after acquiring an additional 49 shares during the period. Farther Finance Advisors LLC increased its position in shares of Workday by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after acquiring an additional 49 shares during the period. Kingsview Wealth Management LLC raised its stake in Workday by 1.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock worth $1,091,000 after acquiring an additional 50 shares during the last quarter. Finally, Strategic Investment Advisors MI raised its stake in Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WDAY. Morgan Stanley dropped their price target on Workday from $280.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Guggenheim reduced their price objective on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Piper Sandler decreased their target price on Workday from $200.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. TD Cowen lowered Workday from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research report on Wednesday, February 25th. Finally, Citizens Jmp downgraded shares of Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Fairview Health Services selected Workday’s AI‑powered HR, finance and supply‑chain suite — a notable enterprise customer win that validates Workday’s platform strategy and could contribute recurring subscription revenue over time. Read More.
• Positive Sentiment: Partnerships with Lyra Health (mental‑health integration) and Insperity (HRScale for SMBs) expand Workday’s HCM ecosystem and open cross‑sell/up‑sell opportunities in wellness and mid‑market segments. Read More.
• Positive Sentiment: Industry recognition — named a strategic partner of the year — helps channel credibility and partner momentum for services/implementations. Read More.
• Neutral Sentiment: Third‑party integrations and partnerships (Persona candidate verification; Kognitiv + Syndio for EU pay transparency) increase Workday’s ecosystem stickiness but are incremental and not immediate revenue catalysts. Read More.
• Neutral Sentiment: Broader software‑industry commentary around AI automation frames a favorable narrative for platform vendors like Workday, but it’s high level and doesn’t change near‑term revenue/earnings. Read More.
• Negative Sentiment: Major insider selling: co‑founder David A. Duffield sold 107,500 shares (~$15.3M at ~$142.18), cutting his stake roughly in half — a headline that can weigh on investor confidence even if for personal/liquidity reasons. Read More.
• Negative Sentiment: Analyst/valuation and guidance pressure: recent commentary has trimmed fair‑value estimates (~20% cut cited) and flagged softer subscription guidance plus higher planned investment — a combination that has pressured sentiment and the stock multiple. Read More.
• Negative Sentiment: Negative narratives on user experience/recruiting friction surfaced in commentary pieces, which can amplify short‑term sentiment risk though they are less directly tied to revenue. Read More.

Workday Price Performance

Shares of WDAY opened at $134.14 on Friday. The business’s 50-day moving average is $166.12 and its two-hundred day moving average is $206.73. The company has a market capitalization of $35.28 billion, a P/E ratio of 51.99, a P/E/G ratio of 1.34 and a beta of 1.16. Workday, Inc. has a fifty-two week low of $117.76 and a fifty-two week high of $276.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the sale, the insider owned 105,167 shares in the company, valued at approximately $21,951,507.91. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the transaction, the insider directly owned 85,398 shares of the company’s stock, valued at $17,933,580. The trade was a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 610,796 shares of company stock valued at $107,013,566 in the last three months. Corporate insiders own 19.31% of the company’s stock.

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.