Sanders Morris Harris LLC Makes New $1 Million Investment in Workday, Inc. $WDAY

Sanders Morris Harris LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,250 shares of the software maker’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also modified their holdings of the stock. CoreCap Advisors LLC lifted its holdings in shares of Workday by 55.9% during the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock valued at $33,000 after purchasing an additional 62 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Workday in the 1st quarter valued at $39,000. Reflection Asset Management purchased a new position in Workday in the 4th quarter worth about $66,000. Manning & Napier Advisors LLC purchased a new position in Workday in the 2nd quarter worth about $42,000. Finally, GK Wealth Management LLC purchased a new position in Workday in the 3rd quarter worth about $72,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Workday news, major shareholder David Duffield sold 100,780 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $19,501,296.36. This represents a 48.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 988,104 shares of company stock valued at $188,811,574. 18.64% of the stock is currently owned by corporate insiders.

Workday Stock Up 1.5%

Workday stock traded up $2.75 during mid-day trading on Wednesday, hitting $188.77. The company’s stock had a trading volume of 2,760,613 shares, compared to its average volume of 4,692,348. Workday, Inc. has a 52-week low of $110.36 and a 52-week high of $247.40. The company has a market cap of $45.49 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day moving average is $191.03 and its 200 day moving average is $152.89.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on WDAY shares. Barclays boosted their price objective on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Wells Fargo & Company raised their target price on shares of Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Piper Sandler lifted their target price on shares of Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Stifel Nicolaus boosted their price target on shares of Workday from $115.00 to $160.00 and gave the company a “hold” rating in a report on Friday, August 28th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a report on Wednesday, September 30th. Twenty analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $205.55.

More Workday News

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 Company 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.