Neuberger Berman Group LLC Sells 13,578 Shares of Workday, Inc. $WDAY

Neuberger Berman Group LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 679,178 shares of the software maker’s stock after selling 13,578 shares during the quarter. Neuberger Berman Group LLC’s holdings in Workday were worth $163,499,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WDAY. Rakuten Securities Inc. purchased a new position in shares of Workday during the second quarter worth about $25,000. Berbice Capital Management LLC raised its stake in Workday by 136.4% in 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 in the last quarter. Golden State Wealth Management LLC raised its stake 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 valued at $33,000 after purchasing an additional 133 shares in the last quarter. Root Financial Partners LLC bought a new stake in Workday during the third quarter valued at approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Workday during the second quarter valued at approximately $41,000. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was 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. The trade was a 15.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 395,796 shares of company stock valued at $75,909,516 over the last 90 days. Company insiders own 19.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on WDAY shares. KeyCorp lowered their price objective on shares of Workday from $260.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Guggenheim cut their target price on shares of Workday from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Evercore cut Workday from an “outperform” rating to an “in-line” rating and set a $160.00 target price on the stock. in a research note on Wednesday, February 25th. Wells Fargo & Company lowered their price target on Workday from $255.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Rosenblatt Securities dropped their price target on Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Stock Up 2.6%

NASDAQ WDAY opened at $151.04 on Friday. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The stock has a market capitalization of $39.72 billion, a PE ratio of 58.54, a PEG ratio of 1.44 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 1.83. The business’s 50-day moving average is $172.17 and its 200 day moving average is $209.12.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted $1.92 EPS. Workday’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday News Roundup

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 Company 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.