Legacy Capital Group California Inc. Takes Position in Workday, Inc. $WDAY

Legacy Capital Group California Inc. purchased a new position in Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,853 shares of the software maker’s stock, valued at approximately $928,000.

A number of other hedge funds have also recently added to or reduced their stakes in WDAY. First Eagle Investment Management LLC acquired a new stake in Workday in the 3rd quarter valued at $556,252,000. PKO Investment Management Joint Stock Co bought a new position in shares of Workday in the third quarter valued at $1,805,000. Phoenix Financial Ltd. acquired a new position in shares of Workday during the third quarter valued at about $2,000,000. Rakuten Investment Management Inc. acquired a new position in shares of Workday during the third quarter valued at about $124,718,000. Finally, Norges Bank bought a new stake in shares of Workday during the second quarter worth about $442,702,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WDAY shares. Jefferies Financial Group downgraded Workday from a “buy” rating to a “hold” rating and cut their price target for the company from $325.00 to $150.00 in a research note on Monday, February 23rd. UBS Group dropped their target price on Workday from $170.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft cut their target price on Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price target on Workday from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Finally, KeyCorp lowered their price target on Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Workday Price Performance

Shares of NASDAQ WDAY opened at $151.04 on Friday. The company has a market capitalization of $39.72 billion, a PE ratio of 58.54, a PEG ratio of 1.44 and a beta of 1.16. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $172.17 and its 200-day moving average price is $209.12. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS 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 the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $1.92 earnings per share. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

More Workday News

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 Transactions at Workday

In related news, insider Robert Enslin sold 22,185 shares of Workday stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.17, for a total value of $4,662,621.45. Following the sale, the insider owned 106,330 shares of the company’s stock, valued at approximately $22,347,376.10. The trade was a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 395,796 shares of company stock valued at $75,909,516. 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.