Kovitz Investment Group Partners LLC Grows Position in Workday, Inc. $WDAY

Kovitz Investment Group Partners LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 176.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 152,053 shares of the software maker’s stock after buying an additional 97,113 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Workday were worth $36,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. purchased a new stake in shares of Workday during the 2nd quarter valued at about $25,000. Berbice Capital Management LLC lifted its position 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 purchasing an additional 75 shares during the period. Golden State Wealth Management LLC boosted its holdings in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Workday in the third quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Workday in the 2nd quarter worth approximately $41,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $137.81 on Monday. The business has a 50-day simple moving average of $187.89 and a two-hundred day simple moving average of $214.81. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 52 week low of $136.64 and a 52 week high of $281.00. The stock has a market cap of $36.24 billion, a price-to-earnings ratio of 57.90, a PEG ratio of 1.18 and a beta of 1.14.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The company 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 firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $210.00, for a total value of $656,250.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.75, for a total transaction of $17,384,919.00. Following the sale, the insider owned 105,049 shares in the company, valued at $22,034,027.75. The trade was a 44.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 370,321 shares of company stock valued at $78,866,401. Insiders own 20.00% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Founder returns as CEO, refocusing on the AI roadmap and investor messaging — a leadership move that investors often view as constructive for execution on AI and product strategy. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Positive Sentiment: Rosenblatt upgraded WDAY to Buy, adding near‑term buying support from an upgrade. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: Guggenheim reiterated a Buy rating, providing some stability amid the mixed broker activity. Guggenheim Reiterates Buy Rating for Workday (NASDAQ:WDAY)
• Positive Sentiment: TD Cowen (via TipRanks) kept a Buy stance, highlighting AI‑driven growth and strategic M&A as longer‑term positives even after trimming the price target to $200. Workday: AI-Driven Growth and Strategic Acquisitions Underscore Buy Rating Despite Macro and Leadership Headwinds
• Neutral Sentiment: Analysts and previews are focused on the Feb. 24 Q4 print — Zacks notes growth drivers (AI, cloud launches, sector demand) but says an earnings beat is uncertain, increasing event risk into the print. Workday Set to Report Q4 Results: Will Revenue Growth Boost Earnings?
• Neutral Sentiment: Zacks and other previews dig into key metrics beyond top‑line estimates, suggesting investors should watch subscription revenue mix, billings, margin cadence and AI product adoption. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Neutral Sentiment: Some market commentary (Seeking Alpha) argues WDAY looks oversold with upside potential, highlighting the stock’s sensitivity to sentiment vs. fundamentals. Workday: Oversold With Material Upside Potential
• Negative Sentiment: Citizens/JMP downgraded WDAY to Market Perform, reducing a chunk of buy‑side conviction and contributing to selling pressure. Workday (NASDAQ:WDAY) Rating Lowered to “Market Perform” at Citizens Jmp
• Negative Sentiment: BMO cut its price target to $204 and Oppenheimer lowered its expectations—these downgrades/target cuts compress upside and raise the bar for positive surprises. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00 Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price
• Negative Sentiment: Recent intraday weakness and Zacks coverage note the stock has been falling more than the broader market, reflecting the combined effect of downgrades, target cuts and pre‑earnings caution. Here’s Why Workday (WDAY) Fell More Than Broader Market

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WDAY shares. Rosenblatt Securities raised Workday from a “hold” rating to a “buy” rating and lowered their price target for the company from $235.00 to $180.00 in a report on Tuesday, February 17th. Piper Sandler reduced their price objective on Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. dropped their target price on Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on Workday in a research note on Monday, January 12th. They set a “neutral” rating and a $238.00 price target for the company. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.32.

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.