Wealth Enhancement Advisory Services LLC Cuts Stock Position in Workday, Inc. $WDAY

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,615 shares of the software maker’s stock after selling 4,119 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Workday were worth $6,440,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $556,252,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Workday by 47.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares in the last quarter. Norges Bank bought a new stake in Workday in the second quarter worth $442,702,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Workday by 41.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Finally, Generation Investment Management LLP raised its stake in Workday by 50.4% during the third quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker’s stock valued at $743,229,000 after purchasing an additional 1,034,589 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 3.0%

Shares of NASDAQ:WDAY opened at $124.18 on Friday. The business’s 50-day moving average is $150.42 and its 200 day moving average is $199.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The firm has a market capitalization of $31.91 billion, a P/E ratio of 48.13, a P/E/G ratio of 1.21 and a beta of 1.16.

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

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Analysts remain broadly bullish on Workday, citing strong AI momentum and placement on lists of undervalued cloud names; roughly 60% of analysts keep bullish ratings and the consensus price target (~$180) implies meaningful upside versus current levels. This underpins a constructive medium‑term thesis if AI adoption accelerates. Analysts Remain Confident in Workday (WDAY)’s Outlook Amid Strong AI Momentum
• Neutral Sentiment: Workday set its 2026 annual stockholder meeting for June 16 (virtual) — a routine corporate governance event that gives investors a forum for Q&A but is unlikely to move the stock by itself. Workday Announces Date of Annual Stockholder Meeting on June 16, 2026
• Neutral Sentiment: Street narrative is shifting: firms note increased AI investment but trim near‑term growth/margin forecasts, producing modest fair‑value resets (e.g., ~$184→$181 range). Investors are debating how much to value AI investments versus near‑term earnings trade‑offs. How The Workday (WDAY) Story Is Shifting Toward AI Investment And Slower Growth Expectations
• Negative Sentiment: At least one published price target was cut substantially (reported ~22.8% cut to $186.30), signaling analysts are lowering near‑term expectations and putting downward pressure on sentiment and multiple. Workday (WDAY) price target decreased by 22.83% to 186.30
• Negative Sentiment: Major shareholder David A. Duffield sold 107,500 shares (a reported ~50% reduction in his disclosed holdings), a large insider sale that can spook investors and suggest near‑term liquidity taking by insiders. SEC Form 4: Duffield sale
• Negative Sentiment: Coverage pieces highlight a prolonged share‑price slide (~40–48% over the past year in some pieces) and ongoing valuation reassessment; that backdrop increases sensitivity to any bearish data (cuts, insider sales, slower guidance). Is Workday (WDAY) Now Offering Value After A 48% One-Year Share Price Slide?

Analysts Set New Price Targets

WDAY has been the topic of several recent research reports. Oppenheimer decreased their target price on shares of Workday from $200.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group reduced their price objective on Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Robert W. Baird set a $195.00 price objective on Workday in a research report on Tuesday, February 24th. UBS Group lowered their price objective on Workday from $170.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Nineteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $199.71.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 953 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This represents a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $136.82, for a total value of $14,708,150.00. Following the transaction, the insider owned 105,049 shares in the company, valued at $14,372,804.18. This represents a 50.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 765,036 shares of company stock worth $113,952,492 over the last ninety days. 19.31% of the stock is owned by corporate insiders.

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.