Picton Mahoney Asset Management Boosts Holdings in Workday, Inc. $WDAY

Picton Mahoney Asset Management raised its position in Workday, Inc. (NASDAQ:WDAY) by 104,850.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,198 shares of the software maker’s stock after purchasing an additional 4,194 shares during the period. Picton Mahoney Asset Management’s holdings in Workday were worth $1,010,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC bought a new position in shares of Workday in the 3rd quarter worth $556,252,000. PKO Investment Management Joint Stock Co bought a new stake in shares of Workday during the 3rd quarter worth $1,805,000. Phoenix Financial Ltd. bought a new stake in shares of Workday during the 3rd quarter worth $2,000,000. Rakuten Investment Management Inc. purchased a new position in Workday in the third quarter worth $124,718,000. Finally, Norges Bank bought a new position in Workday in the second quarter valued at $442,702,000. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 2.6%

NASDAQ:WDAY opened at $151.04 on Friday. The company has a fifty day moving average of $172.17 and a 200 day moving average of $209.12. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00. 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 firm has a market capitalization of $39.72 billion, a P/E ratio of 58.54, a P/E/G ratio of 1.44 and a beta of 1.16.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating 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 company posted $1.92 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research reports. Stifel Nicolaus set a $175.00 price target on Workday in a research report on Monday, February 9th. Loop Capital set a $280.00 price objective on Workday in a research report on Wednesday, December 10th. DA Davidson decreased their price objective on Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Workday in a research report on Monday, February 23rd. Finally, Morgan Stanley cut their target price on Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. Twenty analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $205.19.

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 Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This trade represents a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 395,796 shares of company stock valued at $75,909,516 in the last quarter. 19.31% of the stock is currently owned by company insiders.

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.