Leonteq Securities AG Acquires New Position in Workday, Inc. $WDAY

Leonteq Securities AG acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, HoldingsChannel reports. The fund acquired 5,227 shares of the software maker’s stock, valued at approximately $1,123,000.

A number of other institutional investors have also modified their holdings of the business. Finivi Inc. grew its position in shares of Workday by 3.3% during the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after buying an additional 48 shares during the last quarter. Strategic Investment Advisors MI grew its position in shares of Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after buying an additional 50 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Workday by 5.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,113 shares of the software maker’s stock valued at $268,000 after buying an additional 54 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Workday by 3.0% during the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after buying an additional 59 shares during the last quarter. Finally, CVA Family Office LLC grew its position in shares of Workday by 35.3% during the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after buying an additional 65 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the sale, the insider directly owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. This represents a 5.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total transaction of $769,320.00. Following the completion of the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at approximately $27,942,984.60. This represents a 2.68% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 989,814 shares of company stock worth $131,576,291. Company insiders own 18.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. KeyCorp lowered their price objective on shares of Workday from $260.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada lowered their price objective on shares of Workday from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Oppenheimer decreased their target price on shares of Workday from $200.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Citigroup cut shares of Workday from a “market perform” rating to a “negative” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $198.42.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday beat first-quarter earnings and revenue estimates, signaling that demand remains solid despite a tougher growth backdrop.
• Positive Sentiment: The company raised its margin outlook, suggesting improved profitability and stronger operating leverage. Workday jumps 10% as it bumps up margin forecast on AI strength
• Positive Sentiment: Management highlighted AI strength and launched new AI-enabled products, including Sana for IT Service Management and a Travel Agent, reinforcing the company’s AI strategy. Workday Announces Sana for IT Service Management and New Travel Agent
• Neutral Sentiment: Workday updated its full-year revenue guidance to $10.6 billion-$10.7 billion, roughly in line with expectations, which may limit upside despite the beat.
• Neutral Sentiment: Jefferies and other analysts have continued to flag execution risk and slowing growth, so investors are still watching whether the AI push can translate into sustained acceleration. Workday execution risk flagged by Jefferies ahead of quarterly earnings
• Negative Sentiment: Cantor Fitzgerald cut its price target on Workday to $160 from $200, showing that some analysts remain cautious on the stock’s longer-term setup. Workday (WDAY) Ranks Among AI Stocks That Are About to Explode

Workday Trading Down 3.8%

Shares of NASDAQ:WDAY opened at $121.85 on Friday. The company has a 50 day moving average of $126.10 and a 200-day moving average of $169.57. The firm has a market cap of $31.32 billion, a P/E ratio of 47.23, a P/E/G ratio of 1.23 and a beta of 1.04. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $273.80. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.17. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.23 EPS. As a group, analysts anticipate that Workday, Inc. will post 5.11 earnings per share for the current fiscal year.

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.