Capstone Capital Management Ltd Makes New $994,000 Investment in Workday, Inc. $WDAY

Posted by on Oct 21st, 2026

Capstone Capital Management Ltd bought a new position in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,220 shares of the software maker’s stock, valued at approximately $994,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lead Edge Capital Management LLC acquired a new stake in Workday during the 1st quarter valued at $79,988,000. Renaissance Technologies LLC purchased a new stake in Workday during the 1st quarter worth $75,600,000. Pacer Advisors Inc. increased its stake in Workday by 60.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,227,051 shares of the software maker’s stock worth $159,418,000 after buying an additional 462,002 shares during the period. Carmignac Gestion acquired a new position in Workday in the 1st quarter worth $59,438,000. Finally, Tidal Investments LLC lifted its holdings in Workday by 43.6% in the 2nd quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker’s stock worth $176,218,000 after buying an additional 437,175 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 918 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $189.45, for a total value of $173,915.10. Following the completion of the transaction, the chief accounting officer owned 69,309 shares of the company’s stock, valued at approximately $13,130,590.05. This represents a 1.31% decrease in their ownership of the stock. The transaction 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. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $187.23, for a total transaction of $1,123,380.00. Following the completion of the transaction, the chief financial officer owned 269,642 shares of the company’s stock, valued at $50,485,071.66. This represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 988,104 shares of company stock worth $188,811,574 over the last 90 days. Corporate insiders own 18.64% of the company’s stock.

Workday Stock Performance

WDAY stock opened at $203.98 on Wednesday. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $247.40. The stock’s 50 day simple moving average is $192.45 and its 200 day simple moving average is $154.82. 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 firm has a market cap of $49.16 billion, a P/E ratio of 41.38, a P/E/G ratio of 1.96 and a beta of 1.07.

Workday (NASDAQ:WDAY – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.21 EPS. As a group, equities research analysts predict that Workday, Inc. will post 5.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday, September 30th. Robert W. Baird lifted their target price on Workday from $190.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Jefferies Financial Group dropped their target price on Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Stifel Nicolaus boosted their price target on Workday from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 15th. Finally, BTIG Research reiterated a “neutral” rating on shares of Workday in a research note on Friday. Nineteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Workday presently has an average rating of “Hold” and a consensus price target of $205.03.

View Our Latest Report on WDAY

Workday News Roundup

Here are the key news stories impacting Workday this week:

  • Positive Sentiment: Investor enthusiasm centered on Workday’s AI push, including its partnership with Anthropic to connect Claude with Workday Sana and its HR and finance business-rule framework. The company also introduced infrastructure for building and governing AI agents and plans to acquire C1.ai, an identity platform intended to secure access for employees and AI agents. Management reiterated long-term targets of approximately 11% subscription growth and a non-GAAP operating margin above 33%. Workday rises on AI product push, Anthropic partnership, and C1.ai deal
  • Positive Sentiment: Workday was named a Leader in Gartner’s 2026 Magic Quadrant for Cloud ERP Finance. The recognition may strengthen the company’s credibility with enterprise customers and support its positioning in cloud finance software. Workday Named a Leader in 2026 Gartner Magic Quadrant for Cloud ERP Finance
  • Positive Sentiment: A valuation analysis from GuruFocus described WDAY as undervalued based on its GF Value, suggesting potential upside despite the recent advance. Is It Too Late to Buy Workday After Rally?
  • Neutral Sentiment: KeyCorp maintained a “Sector Weight” rating while publishing 2028 quarterly EPS estimates ranging from $1.71 to $2.27. The estimates indicate expected earnings growth but do not represent a bullish rating change.
  • Negative Sentiment: KeyBanc downgraded Workday to “Sector Weight,” adding pressure to the investment case. Separately, 10 analyst price targets carried a median of $154.50, well below the current trading level, implying valuation concerns. Workday Shares Fall on KeyBanc Downgrade
  • Negative Sentiment: Insider activity was heavily skewed toward selling: company insiders made 149 sales and no purchases over the past six months. Institutional positioning was mixed, with 476 investors adding shares and 481 reducing positions.

About Workday

(Free Report)

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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