Leonteq Securities AG Grows Holdings in Workday, Inc. $WDAY

Leonteq Securities AG lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 270.4% in the first quarter, Holdings Channel reports. The institutional investor owned 19,363 shares of the software maker’s stock after buying an additional 14,136 shares during the quarter. Leonteq Securities AG’s holdings in Workday were worth $2,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. Finivi Inc. raised its holdings in Workday by 3.3% in the third quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock valued at $365,000 after acquiring an additional 48 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Workday by 3.0% in the 4th quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock worth $441,000 after purchasing an additional 59 shares during the last quarter. CVA Family Office LLC increased its position in shares of Workday by 35.3% in the 4th quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock worth $53,000 after purchasing an additional 65 shares during the last quarter. Finally, Aspire Private Capital LLC raised its stake in shares of Workday by 1.3% in the 4th quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock valued at $1,194,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 1,585 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $113.05, for a total value of $179,184.25. Following the sale, the chief accounting officer owned 31,467 shares of the company’s stock, valued at approximately $3,557,344.35. This trade represents a 4.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 9,356 shares of the business’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 transaction, the insider owned 165,074 shares of the company’s stock, valued at $21,193,850.86. This represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 882,314 shares of company stock valued at $111,443,691 over the last quarter. Company insiders own 18.64% of the company’s stock.

Workday Trading Up 3.9%

NASDAQ WDAY opened at $135.40 on Friday. Workday, Inc. has a one year low of $110.36 and a one year high of $249.85. The company has a 50-day simple moving average of $127.58 and a 200-day simple moving average of $149.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $33.44 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.23 EPS. On average, equities analysts forecast that Workday, Inc. will post 5.34 earnings per share for the current year.

Analysts Set New Price Targets

WDAY has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $216.00 price target on shares of Workday in a research report on Friday, May 22nd. The Goldman Sachs Group lowered their price objective on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Oppenheimer restated an “outperform” rating on shares of Workday in a research note on Thursday, June 11th. Bank of America initiated coverage on Workday in a report on Wednesday, May 27th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, Loop Capital set a $210.00 target price on Workday in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

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.