Legacy Capital Group California Inc. Takes $928,000 Position in Workday, Inc. $WDAY

Legacy Capital Group California Inc. acquired a new position in Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,853 shares of the software maker’s stock, valued at approximately $928,000.

A number of other hedge funds have also bought and sold shares of WDAY. Rakuten Securities Inc. purchased a new stake in shares of Workday during the second quarter worth $25,000. Berbice Capital Management LLC grew its position in shares of Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the period. Root Financial Partners LLC bought a new stake in shares of Workday during the 3rd quarter valued at $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Workday during the 2nd quarter worth about $41,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday News Summary

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?

Workday Price Performance

WDAY stock opened at $151.04 on Friday. The firm has a 50 day simple moving average of $172.17 and a two-hundred day simple moving average of $209.12. The stock has a market cap of $39.72 billion, a PE ratio of 58.54, a P/E/G ratio of 1.44 and a beta of 1.16. Workday, Inc. has a one year low of $117.76 and a one year high of $276.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. This represents a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 395,796 shares of company stock worth $75,909,516 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDAY. Robert W. Baird set a $195.00 price target on Workday in a research report on Tuesday, February 24th. Oppenheimer cut their price objective on shares of Workday from $200.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Workday from $265.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Citigroup decreased their target price on shares of Workday from $247.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Finally, Evercore downgraded shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target for the company. in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.19.

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.