Legal & General Group Plc Boosts Stock Position in Workday, Inc. $WDAY

Legal & General Group Plc boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,525,633 shares of the software maker’s stock after acquiring an additional 21,394 shares during the quarter. Legal & General Group Plc owned about 0.57% of Workday worth $367,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Workday in the 2nd quarter worth $25,000. Berbice Capital Management LLC boosted its holdings in Workday by 136.4% in the 2nd 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. Root Financial Partners LLC purchased a new stake in Workday in the 3rd quarter valued at approximately $40,000. Twin Peaks Wealth Advisors LLC acquired a new position in Workday during the 2nd quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Trading Down 3.3%

NASDAQ:WDAY opened at $137.84 on Thursday. 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 stock has a fifty day simple moving average of $167.73 and a 200-day simple moving average of $207.24. The company has a market capitalization of $36.25 billion, a PE ratio of 53.43, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data 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 firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.92 EPS. On average, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WDAY shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. The Goldman Sachs Group cut their price target on shares of Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Wells Fargo & Company lowered their target price on shares of Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Citizens Jmp cut shares of Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Twenty research 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.19.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 105,167 shares of the company’s stock, valued at $21,951,507.91. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were 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 directly owned 159,158 shares in the company, valued at approximately $33,224,232.50. The trade was a 3.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 503,296 shares of company stock valued at $91,729,216. Corporate insiders own 19.31% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday named Lyra Health its preferred mental‑health partner for Workday Wellness — deepens the company’s employee‑wellness offering, increases stickiness for HCM customers and supports cross‑sell opportunities. Lyra Health Joins Workday Wellness Program
• Positive Sentiment: Workday and Insperity launched Insperity HRScale for SMBs — expands Workday’s route into small and midsize businesses, which can help diversify growth beyond large enterprise deals. Workday Expands HCM Reach With Lyra Partnership And Insperity HRScale Launch
• Positive Sentiment: Workday services partner Kognitiv teamed with Syndio to support EU pay‑transparency compliance — strengthens Workday’s partner ecosystem and compliance‑adjacent capabilities that customers may pay to adopt. Kognitiv and Syndio Partner to Support EU Pay Transparency Directive Compliance
• Neutral Sentiment: Persona launched a Candidate Verification product integrated with Workday — a functional integration that reduces hiring fraud and improves HR workflow, but likely limited near‑term revenue impact. Persona Launches Candidate Verification
• Neutral Sentiment: A Seeking Alpha piece highlights Workday’s poor perception among job seekers — reputational noise that could complicate talent acquisition but is not an immediate revenue driver for enterprise customers. Workday: Hated By Job Seekers, Impossible To Leave For Everyone Else
• Negative Sentiment: Valuation and expectations have been reset after Q4: an updated valuation model and several analysts cut fair value/targets (example: fair value estimate lowered ~20% in one note), citing softer subscription guidance, CEO/target changes and heavier near‑term AI investment — the main driver of today’s downside pressure. How Workday (WDAY) Story Is Shifting As AI Spend Rises And Growth Expectations Reset
• Negative Sentiment: Broader post‑earnings fallout: several analyst downgrades/price‑target cuts and increased short interest (February short interest rose ~20% vs. mid‑February) reflect concern about deal timing, softer FY27 subscription revenue and higher planned spending; insider selling by major shareholder David Duffield adds to near‑term sentiment pressure. Workday slides as post-earnings guidance concerns and analyst downgrades weigh on shares David Duffield Sells 107,500 Shares of Workday

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.