Leelyn Smith LLC Buys 3,452 Shares of Workday, Inc. $WDAY

Leelyn Smith LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 71.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,295 shares of the software maker’s stock after acquiring an additional 3,452 shares during the period. Leelyn Smith LLC’s holdings in Workday were worth $1,991,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Workday by 47.5% during the first 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 buying an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after buying an additional 14,354 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after acquiring an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC boosted its holdings in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after acquiring an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays raised their price objective on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Sanford C. Bernstein reissued an “outperform” rating and set a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Citigroup lowered their target price on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, 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. Three research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Stock Performance

Shares of Workday stock opened at $242.75 on Friday. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a market cap of $64.81 billion, a price-to-earnings ratio of 112.38, a PEG ratio of 3.03 and a beta of 1.10. 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 moving average price is $233.64 and its 200 day moving average price is $237.50.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The company 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 revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the sale, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 1,915 shares of the business’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $238.96, for a total value of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares of the company’s stock, valued at $8,925,394.96. The trade was a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 19.31% of the company’s stock.

About Workday

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.