Allworth Financial LP Trims Stake in Workday, Inc. $WDAY

Allworth Financial LP reduced its position in Workday, Inc. (NASDAQ:WDAY) by 76.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,151 shares of the software maker’s stock after selling 6,822 shares during the quarter. Allworth Financial LP’s holdings in Workday were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in shares of Workday in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the 3rd quarter valued at $26,000. JPL Wealth Management LLC bought a new position in Workday in the 3rd quarter valued at $30,000. Berbice Capital Management LLC grew its position 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 acquiring an additional 75 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Workday in the third quarter worth $40,000. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ WDAY opened at $129.29 on Wednesday. The company has a market cap of $33.23 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 1.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s fifty day moving average price is $154.30 and its 200 day moving average price is $201.04. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.92 EPS. Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,590,370. This represents a 15.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 657,536 shares of company stock valued at $99,244,342 in the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore lowered shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a report on Wednesday, February 25th. BMO Capital Markets reduced their target price on shares of Workday from $204.00 to $182.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings downgraded shares of Workday from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Guggenheim lowered their price target on Workday from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Finally, The Goldman Sachs Group dropped 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. Nineteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported improving subscription revenue and an earnings beat for the most recent quarter, supporting long‑term revenue visibility and margin progress. (Background company release)
• Positive Sentiment: Partnership/market traction: Workday’s collaboration with Harness expands AI‑driven software delivery and automation for enterprise customers — a strategic move that could accelerate product adoption and stickiness. Can Workday’s Collaboration With Harness Fuel Its Shares?
• Positive Sentiment: Third‑party ecosystem/tools: New agentic AI tools (e.g., Opkey Release Advisor) that analyze Workday releases can lower customer upgrade friction and speed feature adoption, which is supportive for product retention and upsell. Opkey Release Advisor: Speed Up Oracle and Workday Release Analysis
• Neutral Sentiment: Analyst coverage is mixed-to-positive: many firms still carry Buy/Outperform ratings, but published price targets vary widely (median noted around $195), leaving headline volatility likely as targets drift. Workday shares slide as investors continue to weigh softer FY2027 outlook and post-earnings target cuts
• Neutral Sentiment: Short‑interest reports posted for March are inconsistent/zeroed in the data feed (suggesting a data anomaly). There’s no clear evidence from these entries of a material short‑position build that would explain today’s move.
• Negative Sentiment: Softer FY2027 outlook: Investors remain focused on Workday’s fiscal‑2027 subscription revenue guidance (implied low‑teens growth), which many view as a deceleration and has prompted downward re‑rating risks.
• Negative Sentiment: Post‑earnings target cuts and sector multiple pressure: Several firms trimmed price targets after the company’s guidance, and broader SaaS valuation compression is amplifying downside. Workday shares slide as investors continue to weigh softer FY2027 outlook and post-earnings target cuts
• Negative Sentiment: Insider selling: Recent filings show meaningful insider share sales by major holders, which can weigh on investor sentiment even if sales are routine. Insider Selling: Workday Major Shareholder Sells

About Workday

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.