10,020 Shares of Workday, Inc. $WDAY Bought by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners initiated a Workday position by purchasing 10,020 shares valued at approximately $1.9 million. Institutional investors collectively own 89.81% of Workday’s outstanding stock.
• Analyst sentiment remains mixed: Workday has a consensus “Hold” rating from 40 analysts, with an average price target of $205.03.
• Workday exceeded quarterly expectations, reporting $2.75 in EPS and $2.65 billion in revenue, with revenue up 12.8% year over year. However, insiders sold nearly 988,000 shares worth about $188.8 million over the past 90 days.

Cyndeo Wealth Partners LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,020 shares of the software maker's stock, valued at approximately $1,908,000.

Several other large investors have also recently added to or reduced their stakes in WDAY. CoreCap Advisors LLC boosted its holdings in Workday by 55.9% in the 3rd quarter. CoreCap Advisors LLC now owns 173 shares of the software maker's stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. Elevation Wealth Partners LLC increased its position in Workday by 21.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 481 shares of the software maker's stock worth $92,000 after purchasing an additional 86 shares during the period. Baker Tilly Wealth Management LLC raised its stake in shares of Workday by 5.5% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,791 shares of the software maker's stock worth $341,000 after buying an additional 93 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Workday by 10.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,004 shares of the software maker's stock worth $123,000 after buying an additional 96 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in shares of Workday by 5.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,960 shares of the software maker's stock worth $240,000 after buying an additional 104 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Workday in a report on Wednesday, September 30th. DA Davidson upped their price objective on Workday from $135.00 to $190.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Weiss Ratings raised Workday from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 18th. Citigroup reiterated a "neutral" rating on shares of Workday in a research report on Tuesday, October 6th. Finally, KeyCorp downgraded Workday from an "overweight" rating to a "sector weight" rating in a report on Thursday. Nineteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $205.03.

Workday Trading Down 3.0%

Shares of Workday stock opened at $190.81 on Friday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $45.99 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. The company has a 50-day moving average of $191.78 and a two-hundred day moving average of $153.66.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.14. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company's revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. On average, research analysts anticipate that Workday, Inc. will post 5.33 EPS for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David Duffield sold 100,780 shares of Workday stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the completion of the transaction, the insider directly owned 105,049 shares of the company's stock, valued at approximately $19,501,296.36. The trade was a 48.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 988,104 shares of company stock worth $188,811,574 over the last ninety days. Insiders own 18.64% of the company's stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s agentic-AI strategy remains a potential long-term growth driver. BTIG said the company’s investor-day presentation showed progress with Sana, Decision Intelligence and other AI products that could support customer adoption and future monetization. BTIG Workday AI analysis
• Positive Sentiment: Workday’s agreement to acquire C1.ai could strengthen identity, security and governance capabilities for employees and AI agents, although financial terms and the earnings impact were not disclosed. Workday C1.ai acquisition coverage
• Neutral Sentiment: BTIG maintained a Hold rating, saying AI monetization is still at an early stage and the stock’s valuation appears broadly fair. BTIG Hold rating
• Negative Sentiment: Stifel raised its price target to $175 but kept a Hold rating, leaving the target below the recent trading level and reinforcing valuation concerns. Stifel price target update
• Negative Sentiment: Multiple cautious analyst notes are offsetting the bullish AI narrative. Investors are questioning whether slowing growth and tighter HR spending will delay returns on Workday’s AI investments, while insider sales—including a Rule 10b5-1 sale of 918 shares by Chief Accounting Officer Mark Garfield—add modestly negative sentiment. Workday insider sale

Workday Profile

Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.