Orion Porfolio Solutions LLC Has $4.22 Million Stock Holdings in Workday, Inc. $WDAY

Key Points

• Orion Portfolio Solutions LLC trimmed its stake in Workday by 57.8% in Q3, selling 24,004 shares and retaining 17,534 shares valued at about $4.22 million per its latest 13F filing.
• Heavy insider selling: insiders sold 395,796 shares over the last 90 days worth roughly $75.9 million (insiders still own ~20%); recent notable sales include Gerrit Kazmaier and Robert Enslin.
• Mixed fundamentals and sentiment: Workday beat Q earnings (EPS $2.47 vs. $2.32) with revenue up 14.5% year‑over‑year, but several analysts have cut price targets and the consensus rating is a "Moderate Buy" with a $205.19 target.

Orion Porfolio Solutions LLC trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 57.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,534 shares of the software maker's stock after selling 24,004 shares during the quarter. Orion Porfolio Solutions LLC's holdings in Workday were worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new stake in shares of Workday during the third quarter worth $556,252,000. PKO Investment Management Joint Stock Co acquired a new position in Workday in the third quarter valued at $1,805,000. Phoenix Financial Ltd. acquired a new position in Workday in the third quarter valued at $2,000,000. Rakuten Investment Management Inc. bought a new stake in Workday during the third quarter valued at $124,718,000. Finally, Norges Bank acquired a new stake in Workday during the 2nd quarter worth about $442,702,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Gerrit S. Kazmaier sold 6,547 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the transaction, the insider directly owned 111,353 shares of the company's stock, valued at $24,360,695.81. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Enslin sold 22,185 shares of the firm's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the transaction, the insider directly owned 106,330 shares in the company, valued at $22,347,376.10. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 395,796 shares of company stock worth $75,909,516. Company insiders own 20.00% of the company's stock.

Key Stories Impacting Workday

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?

Workday Stock Performance

Shares of Workday stock opened at $151.04 on Monday. Workday, Inc. has a 52 week low of $117.76 and a 52 week 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 business has a 50 day moving average price of $172.17 and a 200-day moving average price of $208.84. The company has a market cap of $39.72 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Macquarie Infrastructure reissued a "buy" rating on shares of Workday in a research report on Wednesday, November 26th. 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. Oppenheimer lowered their target price on Workday from $200.00 to $165.00 and set an "outperform" rating for the company in a report on Wednesday, February 25th. Evercore lowered Workday from an "outperform" rating to an "in-line" rating and set a $160.00 price target on the stock. in a research note on Wednesday, February 25th. Finally, Guggenheim cut their price target on Workday from $285.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.19.

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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY - Free Report).

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.