16,396 Shares of Workday, Inc. $WDAY Acquired by Western Financial Corp CA

Western Financial Corp CA acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the third quarter, Holdings Channel reports. The firm acquired 16,396 shares of the software maker’s stock, valued at approximately $3,123,000. Workday makes up approximately 1.0% of Western Financial Corp CA’s investment portfolio, making the stock its 22nd largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. CoreCap Advisors LLC increased its position in shares of Workday by 55.9% during the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after acquiring an additional 62 shares during the period. Western Wealth Management LLC bought a new stake in shares of Workday during the first quarter valued at approximately $39,000. Reflection Asset Management purchased a new stake in shares of Workday in the fourth quarter valued at approximately $66,000. Manning & Napier Advisors LLC purchased a new stake in shares of Workday in the second quarter valued at approximately $42,000. Finally, GK Wealth Management LLC purchased a new stake in shares of Workday in the third quarter valued at approximately $72,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other news, major shareholder David Duffield sold 99,835 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $187.55, for a total transaction of $18,724,054.25. Following the sale, the insider owned 105,049 shares in the company, valued at approximately $19,701,939.95. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Mark Garfield sold 918 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $189.45, for a total transaction of $173,915.10. Following the transaction, the chief accounting officer owned 69,309 shares in the company, valued at $13,130,590.05. The trade was a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 988,104 shares of company stock worth $188,811,574. 18.64% of the stock is currently owned by corporate insiders.

Workday Stock Up 1.5%

Shares of WDAY stock traded up $2.75 during mid-day trading on Wednesday, hitting $188.77. 2,760,613 shares of the stock traded hands, compared to its average volume of 4,692,348. The stock has a market cap of $45.49 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.89 and a beta of 1.07. The stock’s fifty day moving average is $191.03 and its two-hundred day moving average is $152.89. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $247.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. Equities analysts predict that Workday, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson raised their price objective on Workday from $135.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Royal Bank Of Canada upped their price objective on shares of Workday from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Sanford C. Bernstein raised their target price on shares of Workday from $216.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Lake Street Capital set a $205.00 price target on shares of Workday in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Twenty investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $205.55.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a partnership with Anthropic that will connect Claude’s reasoning capabilities with Workday’s Sana agents, data, permissions and business rules. The collaboration could strengthen Workday’s position in enterprise AI by allowing users to find information, take actions and approve work through Claude or Sana. Workday and Anthropic partnership
• Positive Sentiment: At its investor event, Workday introduced or expanded Sana, Decision Intelligence, Work Intelligence and its headless Trusted Agent Platform. These offerings are designed to automate HR, finance and IT workflows while maintaining permissions, approvals and audit trails, potentially supporting customer retention and future revenue growth. Workday AI product announcements
• Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents across enterprise systems. The deal could broaden Workday’s security and AI-governance capabilities, though financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition
• Positive Sentiment: A new Candidate Profile lets job seekers save their information once and reuse it across applications on Workday-powered sites, an enhancement that may improve the recruiting product’s user experience and customer appeal. Workday Candidate Profile announcement
• Neutral Sentiment: UBS lowered its Workday price target from $220 to $210 and maintained a Neutral rating. The revised target still implies potential upside, but the change reflects limited near-term conviction as investors assess valuation and the pace of AI monetization.
• Negative Sentiment: Recent commentary highlights disappointment with decelerating sales growth, despite management forecasting continued double-digit revenue expansion. Investors may want evidence that the new AI offerings can reaccelerate growth rather than merely defend Workday’s existing franchise. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold 99,835 shares worth about $18.7 million, reducing his direct stake by 48.7%. Chief accounting officer Mark Garfield also sold 918 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the sales may still weigh on sentiment. Workday insider sale filing

Workday Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.