Leelyn Smith LLC Raises Position in Workday, Inc. $WDAY

Leelyn Smith LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 71.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,295 shares of the software maker’s stock after purchasing an additional 3,452 shares during the quarter. Leelyn Smith LLC’s holdings in Workday were worth $1,991,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after buying an additional 54 shares during the period. Dagco Inc. purchased a new stake in Workday in the first quarter valued at approximately $31,000. BankPlus Trust Department purchased a new stake in Workday in the first quarter valued at approximately $40,000. Physician Wealth Advisors Inc. purchased a new stake in Workday in the second quarter valued at approximately $42,000. Finally, Geneos Wealth Management Inc. raised its position in Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock valued at $61,475,760 in the last 90 days. Company insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, August 22nd. JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Wednesday, September 17th. KeyCorp dropped their price objective on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Barclays boosted their target price on shares of Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, UBS Group set a $304.00 price objective on shares of Workday in a 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 given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Workday Stock Down 0.2%

Shares of NASDAQ:WDAY opened at $242.75 on Friday. The firm has a market cap of $64.81 billion, a P/E ratio of 112.38, a P/E/G ratio of 3.03 and a beta of 1.10. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company’s 50-day moving average price is $233.64 and its two-hundred day moving average price is $237.50.

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

Workday 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.