Kingswood Wealth Advisors LLC Reduces Stock Position in Workday, Inc. $WDAY

Kingswood Wealth Advisors LLC lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 22.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 883 shares of the software maker’s stock after selling 253 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Workday were worth $212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WDAY. Nuveen LLC purchased a new position in Workday during the 1st quarter valued at $456,341,000. T. Rowe Price Investment Management Inc. raised its position in Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Generation Investment Management LLP raised its position in Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after purchasing an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC raised its position in Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the sale, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 257,625 shares of company stock worth $59,749,934 in the last 90 days. 19.31% of the stock is owned by company insiders.

Workday Stock Down 2.1%

Workday stock opened at $233.18 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50-day simple moving average is $230.35 and its two-hundred day simple moving average is $236.87. The company has a market cap of $62.26 billion, a PE ratio of 107.95, a PEG ratio of 2.91 and a beta of 1.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $265.00 target price on shares of Workday in a research report on Wednesday, September 17th. JPMorgan Chase & Co. reduced their price target on Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Bank of America reduced their price target on Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. TD Cowen reduced their price target on Workday from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Finally, Canaccord Genuity Group reduced their target price on Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.