LGT Group Foundation Increases Holdings in Workday, Inc. $WDAY

Key Points

• LGT Group Foundation raised its stake in Workday by 9.2% to 100,481 shares, now worth about $23.33 million, indicating continued institutional buying.
• Significant insider selling has occurred — co‑founder David Duffield sold 107,500 shares (~$14.4M) and insiders sold ~395,796 shares (~$75.9M) last quarter — though insiders still own 20% of the company.
• Analysts have trimmed price targets (e.g., Citi to $148, Mizuho to $210) but the consensus remains a Moderate Buy with a $205.19 target, while Workday recently beat EPS estimates and reported revenue up 14.5% year‑over‑year.

LGT Group Foundation increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,481 shares of the software maker's stock after purchasing an additional 8,502 shares during the quarter. LGT Group Foundation's holdings in Workday were worth $23,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in shares of Workday in the 2nd quarter worth $25,000. Berbice Capital Management LLC increased its stake in shares of 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 buying an additional 75 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Workday by 2,216.7% in the second 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 third quarter valued at about $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Workday in the second quarter worth about $41,000. 89.81% of the stock is owned by institutional investors.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: High‑profile endorsement for new leadership: TV host Jim Cramer called Workday’s new CEO “terrific,” which can boost investor sentiment and short‑term demand. Jim Cramer Considers Workday’s New CEO “Terrific”
• Positive Sentiment: Technical/flow support: recent bargain‑hunting and a short‑covering rally have driven quick gains after February’s pullback, attracting momentum traders. Workday (WDAY) Climbs 7.2% on Bargain-Hunting
• Positive Sentiment: Founder returns to CEO role with stronger AI emphasis — investors view this as a signal of strategic focus on AI product development, which could support longer‑term revenue expansion if execution succeeds. Workday Founder Returns As CEO While AI Focus Shapes Valuation Outlook
• Neutral Sentiment: Board granted CEO Aneel Bhusri a new equity package; this aligns leadership with shareholders but can raise dilution questions depending on structure. Workday Grants CEO Aneel Bhusri New Equity Package
• Neutral Sentiment: Macro backdrop remains a headwind for growth software names (inflation/higher rates), which can cap upside even during sector‑specific rallies. US Stock Market Today S&P 500 Futures Edge Lower On Stubborn Inflation Jitters
• Neutral Sentiment: Competitive landscape: emerging AI/analytics startups (e.g., Pigment) are targeting planning/analytics customers — something to monitor but not an immediate earnings threat. The French AI startup gunning for Workday, Oracle, and SAP
• Negative Sentiment: Analysts trimming targets: Citi cut its price target to $148 (from $247) and Morgan Stanley and others have reduced targets — a clear near‑term drag on sentiment and potential selling pressure. Workday, Inc. (WDAY) Price Target Lowered to $148 at Citi
• Negative Sentiment: Large insider sale: co‑founder David Duffield sold 107,500 shares (~$14.4M) and cut his stake roughly in half — markets can interpret this as a negative signal on insider conviction or simply liquidity‑driven. SEC Filing — Duffield Sale
• Negative Sentiment: Estimate‑revision risk: analyst commentary highlights slowing growth, margin pressure and falling EPS revisions as Workday invests in AI and new markets — a potential medium‑term headwind for valuations. Should You Avoid WDAY Stock Amid Declining Estimate Revisions?

Analyst Ratings Changes

WDAY has been the topic of several recent research reports. Mizuho dropped their target price on shares of Workday from $275.00 to $210.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Sanford C. Bernstein reduced their price target on shares of Workday from $298.00 to $214.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Citigroup lowered their price target on shares of Workday from $247.00 to $148.00 and set a "neutral" rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company dropped their price objective on shares of Workday from $255.00 to $180.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 25th. Finally, KeyCorp cut their price objective on shares of Workday from $260.00 to $155.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $205.19.

Workday Price Performance

Shares of WDAY opened at $151.04 on Monday. The company has a market cap of $39.72 billion, a price-to-earnings ratio of 58.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17. Workday, Inc. has a twelve month low of $117.76 and a twelve month high of $276.00. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $172.17 and a two-hundred day moving average of $208.84.

Workday (NASDAQ:WDAY - Get Free Report) last issued 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 return on equity of 13.37% and a net margin of 7.26%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. The business's quarterly revenue was up 14.5% on a year-over-year basis. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the transaction, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $656,250.00. Following the completion of the sale, the chief executive officer owned 17,097 shares of the company's stock, valued at approximately $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 395,796 shares of company stock worth $75,909,516 over the last quarter. Company insiders own 20.00% of the company's stock.

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.

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