405,514 Shares in Workday, Inc. $WDAY Acquired by NZS Capital LLC

Posted by Nicole Kennedy on Mar 4th, 2026

NZS Capital LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY – Free Report) during the third quarter, HoldingsChannel reports. The firm purchased 405,514 shares of the software maker’s stock, valued at approximately $97,619,000. Workday comprises 3.0% of NZS Capital LLC’s investment portfolio, making the stock its 7th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Workday in the second quarter valued at $25,000. Berbice Capital Management LLC boosted its holdings in shares of 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 buying an additional 75 shares during the period. Golden State Wealth Management LLC grew its stake 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 valued at $33,000 after buying an additional 133 shares during the last quarter. Root Financial Partners LLC acquired a new position in Workday in the 3rd quarter valued at about $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Workday in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

WDAY opened at $143.61 on Wednesday. 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, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The firm has a market cap of $37.77 billion, a P/E ratio of 55.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. The business’s fifty day moving average is $176.41 and its 200-day moving average is $210.59.

Workday (NASDAQ:WDAY – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business posted $1.92 earnings per share. Workday’s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WDAY. Barclays reduced their price objective on Workday from $230.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their price target on Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Robert W. Baird set a $195.00 price objective on Workday in a research report on Tuesday, February 24th. BMO Capital Markets dropped their target price on Workday from $204.00 to $182.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Finally, DA Davidson reduced their target price on shares of Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.19.

Read Our Latest Analysis on WDAY

Insider Buying and Selling at Workday

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the sale, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 82,884 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $22,034,027.75. This trade represents a 44.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 288,296 shares of company stock worth $61,461,516 in the last three months. Company insiders own 20.00% of the company’s stock.

Workday News Summary

Here are the key news stories impacting Workday this week:

Positive Sentiment: Workday expanded its HR partner ecosystem — adding HR Acuity and launching a joint solution with Insperity (Insperity HRScale) — which can boost adoption among small/mid-size employers and strengthen HCM stickiness. HR Acuity Joins the Workday Innovation Partner Program
Positive Sentiment: Positive industry commentary from Sequoia partner Alfred Lin — saying software remains an attractive area to invest despite AI-driven fears — lifts sentiment for large SaaS names like Workday that sell mission‑critical HR/finance platforms. Why Sequoia’s Alfred Lin isn’t worried about the SaaS-pocalypse
Positive Sentiment: Market commentary debating whether Workday marked a bottom for the SaaS group has likely encouraged buyers looking for cyclical recovery plays in enterprise software. Did Workday Help Signal the SaaS Bottom?
Neutral Sentiment: Wall Street analyst coverage and “average brokerage recommendation” stories (and Zacks pieces) are keeping attention on WDAY; analyst optimism can amplify intraday moves but is often noisy and may already be priced in. Is It Worth Investing in Workday (WDAY) Based on Wall Street’s Bullish Views? Zacks: Is It Worth Investing in Workday?
Negative Sentiment: A Seeking Alpha piece lowered its fair‑value estimate and argues Workday’s fundamentals don’t justify current multiples, echoing valuation concerns (WDAY trades with a high P/E and remains below its 50/200‑day moving averages), which can cap upside if sentiment shifts. Workday: I’m Lowering My Fair Value Estimate…

Workday Company Profile

(Free Report)

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.