--- title: "Mackenzie Financial Corp Sells 58,435 Shares of Workday, Inc. $WDAY" type: "News" locale: "en" url: "https://longbridge.com/en/news/279023254.md" description: "Mackenzie Financial Corp reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 30.9% in Q3, selling 58,435 shares, leaving it with 130,428 shares valued at $31.4 million. Other institutional investors, including Vanguard and State Street, also adjusted their positions. Workday's stock has seen a 2.7% decline recently, with a current price of $134.14. The company reported earnings of $2.47 per share, exceeding estimates, and revenue increased by 14.5% year-over-year. Analysts have mixed ratings, with price targets ranging from $155 to $175." datetime: "2026-03-13T10:06:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279023254.md) - [en](https://longbridge.com/en/news/279023254.md) - [zh-HK](https://longbridge.com/zh-HK/news/279023254.md) --- # Mackenzie Financial Corp Sells 58,435 Shares of Workday, Inc. $WDAY Mackenzie Financial Corp trimmed its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,428 shares of the software maker's stock after selling 58,435 shares during the quarter. Mackenzie Financial Corp's holdings in Workday were worth $31,398,000 at the end of the most recent reporting period. - Workday, Seriously, It’s Time to Buy This SaaS Leader A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Workday by 3.2% in the third quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker's stock worth $5,247,687,000 after acquiring an additional 684,872 shares during the period. State Street Corp grew its holdings in Workday by 3.3% during the 2nd quarter. State Street Corp now owns 9,600,516 shares of the software maker's stock worth $2,304,124,000 after acquiring an additional 303,713 shares in the last quarter. Geode Capital Management LLC increased its position in Workday by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker's stock valued at $1,183,112,000 after purchasing an additional 140,042 shares during the period. Parnassus Investments LLC increased its position in Workday by 13.1% during the 3rd quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker's stock valued at $774,478,000 after purchasing an additional 371,561 shares during the period. Finally, Generation Investment Management LLP raised its holdings in shares of Workday by 50.4% in the 3rd quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker's stock valued at $743,229,000 after purchasing an additional 1,034,589 shares in the last quarter. Institutional investors own 89.81% of the company's stock. ## Insider Activity In related news, insider Gerrit S. Kazmaier sold 3,759 shares of the company's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the transaction, the insider directly owned 105,167 shares of the company's stock, valued at $21,951,507.91. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $142.18, for a total value of $15,284,350.00. Following the completion of the sale, the insider owned 105,049 shares of the company's stock, valued at approximately $14,935,866.82. This trade represents a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 610,796 shares of company stock worth $107,013,566. Company insiders own 19.31% of the company's stock. ## Workday Trading Down 2.7% - The Late-Stage Bull Market Is a Buying Opportunity for Tech NASDAQ WDAY opened at $134.14 on Friday. 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 firm has a market cap of $35.28 billion, a PE ratio of 51.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a 50 day moving average price of $166.12 and a 200 day moving average price of $206.73. Workday, Inc. has a 52 week low of $117.76 and a 52 week high of $276.00. Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $1.92 earnings per share. Workday's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year. ## Wall Street Analysts Forecast Growth - AI Disruption Overblown! 4 Software Stocks to Buy on the Dip A number of equities analysts have recently issued reports on WDAY shares. Stifel Nicolaus set a $175.00 price objective on shares of Workday in a research note on Monday, February 9th. KeyCorp reduced their price objective on shares of Workday from $260.00 to $155.00 and set an "overweight" rating for the company in a research note on Wednesday, February 25th. TD Cowen lowered Workday from a "buy" rating to a "hold" rating and set a $155.00 target price for the company. in a report on Wednesday, February 25th. JPMorgan Chase & Co. dropped their target price on Workday from $270.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada cut their price target on Workday from $220.00 to $180.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $203.00. **Get Our Latest Analysis on WDAY** ## Key Stories Impacting Workday Here are the key news stories impacting Workday this week: - Positive Sentiment: Fairview Health Services selected Workday’s AI‑powered HR, finance and supply‑chain suite — a notable enterprise customer win that validates Workday’s platform strategy and could contribute recurring subscription revenue over time. Read More. - Positive Sentiment: Partnerships with Lyra Health (mental‑health integration) and Insperity (HRScale for SMBs) expand Workday’s HCM ecosystem and open cross‑sell/up‑sell opportunities in wellness and mid‑market segments. Read More. - Positive Sentiment: Industry recognition — named a strategic partner of the year — helps channel credibility and partner momentum for services/implementations. Read More. - Neutral Sentiment: Third‑party integrations and partnerships (Persona candidate verification; Kognitiv + Syndio for EU pay transparency) increase Workday’s ecosystem stickiness but are incremental and not immediate revenue catalysts. Read More. - Neutral Sentiment: Broader software‑industry commentary around AI automation frames a favorable narrative for platform vendors like Workday, but it’s high level and doesn’t change near‑term revenue/earnings. Read More. - Negative Sentiment: Major insider selling: co‑founder David A. Duffield sold 107,500 shares (~$15.3M at ~$142.18), cutting his stake roughly in half — a headline that can weigh on investor confidence even if for personal/liquidity reasons. Read More. - Negative Sentiment: Analyst/valuation and guidance pressure: recent commentary has trimmed fair‑value estimates (~20% cut cited) and flagged softer subscription guidance plus higher planned investment — a combination that has pressured sentiment and the stock multiple. Read More. - Negative Sentiment: Negative narratives on user experience/recruiting friction surfaced in commentary pieces, which can amplify short‑term sentiment risk though they are less directly tied to revenue. Read More. ## Workday Profile (Free Report) 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. ## Recommended Stories - Five stocks we like better than Workday - The gold chart Wall Street is terrified of… - Elon Musk already made me a “wealthy man” - Unlocked: Elon Musk’s Next Big IPO - 1,500 Banks Just Handed the Fed Your Bank Account - Silver paying 20% dividend. Plus 68% share gains _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._ ## Should You Invest $1,000 in Workday Right Now? Before you consider Workday, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workday wasn't on the list. While Workday currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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