Leonteq Securities AG Purchases Shares of 5,227 Workday, Inc. $WDAY

Leonteq Securities AG purchased a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,227 shares of the software maker’s stock, valued at approximately $1,123,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Workday during the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in shares of Workday during the 3rd quarter valued at $30,000. LRI Investments LLC acquired a new position in shares of Workday during the 4th quarter valued at $29,000. Finally, eCIO Inc. acquired a new position in shares of Workday during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WDAY shares. Sanford C. Bernstein reduced their target price on shares of Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. UBS Group reduced their target price on shares of Workday from $170.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Cantor Fitzgerald reduced their target price on shares of Workday from $200.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday. Loop Capital set a $210.00 target price on shares of Workday in a report on Thursday, March 12th. Finally, Rosenblatt Securities reduced their target price on shares of Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.42.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the sale, the chief financial officer owned 217,930 shares of the company’s stock, valued at approximately $27,942,984.60. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total transaction 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 $21,193,850.86. The trade was 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. In the last three months, insiders have sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is currently owned by insiders.

Workday Stock Performance

Shares of WDAY stock opened at $121.85 on Friday. The company’s fifty day moving average price is $126.10 and its two-hundred day moving average price is $169.57. The firm has a market capitalization 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 12 month low of $110.36 and a 12 month high of $273.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.17. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 EPS. On average, research analysts anticipate that Workday, Inc. will post 5.11 earnings per share for the current fiscal year.

About Workday

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.