Envestnet Asset Management Inc. Sells 363,311 Shares of Workday, Inc. $WDAY

Envestnet Asset Management Inc. cut its stake in Workday, Inc. (NASDAQ:WDAY) by 50.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,599 shares of the software maker’s stock after selling 363,311 shares during the period. Envestnet Asset Management Inc.’s holdings in Workday were worth $84,400,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

WDAY has been the subject of a number of recent research reports. Sanford C. Bernstein cut their target price on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research note on Thursday. Barclays decreased their target price on shares of Workday from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Raymond James Financial assumed coverage on shares of Workday in a research report on Friday, November 21st. They issued a “market perform” rating for the company. Finally, Citigroup decreased their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $277.00.

Insiders Place Their Bets

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the transaction, the insider directly owned 111,353 shares in the company, valued at approximately $24,360,695.81. This represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $210.00, for a total transaction of $656,250.00. Following the sale, the chief executive officer directly owned 17,097 shares in the company, valued at $3,590,370. This trade represents a 15.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 370,321 shares of company stock valued at $78,866,401 over the last three months. Company insiders own 19.31% of the company’s stock.

Workday Stock Up 2.6%

Shares of WDAY opened at $162.92 on Friday. The company has a market capitalization of $42.85 billion, a P/E ratio of 68.45, a PEG ratio of 1.39 and a beta of 1.13. Workday, Inc. has a one year low of $156.87 and a one year high of $281.00. The business’s 50 day simple moving average is $202.76 and its 200-day simple moving average is $221.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and a $300 price target, highlighting continued bullish sell‑side conviction and a large implied upside that can attract buyers. Needham Reaffirms Buy on Workday
• Positive Sentiment: Shares showed recent upside momentum (a ~5.6% jump in the prior session) with above‑average volume — technical strength that can sustain short‑term buying interest. Strength Seen in Workday
• Positive Sentiment: Corporate hiring/PR: Workday expanded veteran hiring tools and positioned shares as undervalued in a company release — a modest positive for investor perception and ESG/hiring narrative. Workday Expands Veteran Hiring Tools
• Neutral Sentiment: Piper Sandler moved its rating to “hold” — not a stamp of confidence but removes a prior downgrade risk; may temper near‑term upside. Piper Sandler Upgrades to Hold
• Neutral Sentiment: Several Zacks pieces note analysts are broadly optimistic and retail interest is high — useful context but not new fundamentals; these stories can amplify trading volatility more than change fundamentals. Is Workday a Buy?
• Neutral Sentiment: Another Zacks note summarizes why WDAY is trending among users — useful for sentiment tracking but mixed on immediate price impact. Here Is What to Know Beyond Why Workday Is Trending
• Negative Sentiment: Workday announced cuts of roughly 400 jobs (~2% of workforce), mainly in customer‑service roles, signaling near‑term cost action but also raising execution and morale risks; layoffs were cited alongside guidance comments. Workday Cuts 400 Jobs
• Negative Sentiment: Company warned of a wider FY26 GAAP vs. non‑GAAP margin gap — investors often penalize such disclosure because it can signal pressure on GAAP profitability and complicate modeling. Workday Flags Wider FY26 GAAP vs Non-GAAP Margin Gap
• Negative Sentiment: Broader competitive risk: OpenAI’s new Frontier enterprise agent platform could layer on top of or displace some enterprise app workflows (including HR/ERP use cases), posing a medium‑term threat to incumbents like Workday. OpenAI Announces Frontier

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.