Workday, Inc. $WDAY Shares Newly Bought by Western Financial Corp CA

Western Financial Corp CA bought a new position in Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,396 shares of the software maker’s stock, valued at approximately $3,123,000. Workday comprises about 1.0% of Western Financial Corp CA’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds also recently made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in Workday in the 3rd quarter worth approximately $1,000,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Workday during the 3rd quarter worth approximately $1,237,000. Cohen Capital Management Inc. purchased a new stake in shares of Workday during the 3rd quarter worth approximately $202,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $304,000. Finally, GK Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter valued at approximately $72,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Trading Up 1.5%

Shares of WDAY traded up $2.75 during midday trading on Wednesday, hitting $188.77. The stock had a trading volume of 2,760,613 shares, compared to its average volume of 4,692,348. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $247.40. 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 stock’s 50 day moving average is $191.03 and its 200 day moving average is $152.89. The firm 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.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, beating the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the firm posted $2.21 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, analysts forecast that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Workday News Summary

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

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Workday from $115.00 to $160.00 and gave the company a “hold” rating in a report on Friday, August 28th. Mizuho set a $210.00 price target on shares of Workday in a research note on Wednesday. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Wells Fargo & Company increased their price objective on shares of Workday from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Finally, Piper Sandler boosted their target price on shares of Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Twenty equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Hold” and an average price target of $205.55.

About Workday

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.