LGT Group Foundation Boosts Stake in Workday, Inc. $WDAY

LGT Group Foundation lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,481 shares of the software maker’s stock after buying an additional 8,502 shares during the period. LGT Group Foundation’s holdings in Workday were worth $23,333,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WDAY. Rakuten Securities Inc. purchased a new position in Workday in the 2nd quarter worth $25,000. Berbice Capital Management LLC lifted 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 worth $31,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC grew its stake in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Workday in the third quarter valued at about $40,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Workday in the second quarter valued at about $41,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: High‑profile endorsement for new leadership: TV host Jim Cramer called Workday’s new CEO “terrific,” which can boost investor sentiment and short‑term demand. Jim Cramer Considers Workday’s New CEO “Terrific”
• Positive Sentiment: Technical/flow support: recent bargain‑hunting and a short‑covering rally have driven quick gains after February’s pullback, attracting momentum traders. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
• Positive Sentiment: Founder returns to CEO role with stronger AI emphasis — investors view this as a signal of strategic focus on AI product development, which could support longer‑term revenue expansion if execution succeeds. Workday Founder Returns As CEO While AI Focus Shapes Valuation Outlook
• Neutral Sentiment: Board granted CEO Aneel Bhusri a new equity package; this aligns leadership with shareholders but can raise dilution questions depending on structure. Workday Grants CEO Aneel Bhusri New Equity Package
• Neutral Sentiment: Macro backdrop remains a headwind for growth software names (inflation/higher rates), which can cap upside even during sector‑specific rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
• Neutral Sentiment: Competitive landscape: emerging AI/analytics startups (e.g., Pigment) are targeting planning/analytics customers — something to monitor but not an immediate earnings threat. The French AI startup gunning for Workday, Oracle, and SAP
• Negative Sentiment: Analysts trimming targets: Citi cut its price target to $148 (from $247) and Morgan Stanley and others have reduced targets — a clear near‑term drag on sentiment and potential selling pressure. Workday, Inc. (WDAY) Price Target Lowered to $148 at Citi
• Negative Sentiment: Large insider sale: co‑founder David Duffield sold 107,500 shares (~$14.4M) and cut his stake roughly in half — markets can interpret this as a negative signal on insider conviction or simply liquidity‑driven. SEC Filing — Duffield Sale
• Negative Sentiment: Estimate‑revision risk: analyst commentary highlights slowing growth, margin pressure and falling EPS revisions as Workday invests in AI and new markets — a potential medium‑term headwind for valuations. Should You Avoid WDAY Stock Amid Declining Estimate Revisions?

Insider Activity

In related news, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $134.40, for a total value of $14,448,000.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $14,118,585.60. The trade was a 50.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the transaction, the chief accounting officer directly owned 35,336 shares of the company’s stock, valued at $7,405,012.16. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 395,796 shares of company stock worth $75,909,516. 20.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on WDAY shares. Evercore downgraded Workday from an “outperform” rating to an “in-line” rating and set a $160.00 target price for the company. in a report on Wednesday, February 25th. BMO Capital Markets cut their price target on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Guggenheim reduced their price target on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. BTIG Research decreased their price objective on shares of Workday from $230.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.19.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $151.04 on Monday. The company’s fifty day moving average price is $172.17 and its 200 day moving average price is $208.84. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The company has a market capitalization of $39.72 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. 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 released 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. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.