Commerzbank Aktiengesellschaft FI Cuts Stock Holdings in Workday, Inc. $WDAY

Key Points

• Commerzbank Aktiengesellschaft FI reduced its holdings in Workday, Inc. by 25.8% during the 2nd quarter, owning 6,216 shares at a value of approximately $1.49 million.
• Insider trading activity includes major shareholder David A. Duffield selling 78,564 shares and CEO Carl M. Eschenbach selling 6,250 shares, both indicating significant decreases in their ownership stakes.
• Workday reported quarterly earnings of $2.21 per share, exceeding expectations, with revenue reaching $2.35 billion, a 12.6% increase from the previous year.

Commerzbank Aktiengesellschaft FI reduced its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,216 shares of the software maker's stock after selling 2,159 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Workday were worth $1,492,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WDAY. Nuveen LLC purchased a new stake in Workday during the 1st quarter worth approximately $456,341,000. T. Rowe Price Investment Management Inc. increased its stake 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 worth $879,147,000 after buying an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake 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 worth $812,475,000 after buying an additional 913,613 shares in the last quarter. Generation Investment Management LLP increased its stake 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 worth $678,117,000 after buying an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC increased its stake in Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock worth $699,756,000 after buying an additional 548,694 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Trading Down 2.1%

Shares of Workday stock opened at $233.18 on Friday. The firm has a market capitalization of $62.26 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 2.97 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. 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 stock has a 50 day moving average of $230.35 and a 200 day moving average of $236.97.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the transaction, the chief executive officer owned 20,222 shares in the company, valued at $4,803,129.44. This trade represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 257,625 shares of company stock valued at $59,749,934. 19.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

WDAY has been the subject of a number of analyst reports. Cowen restated a "buy" rating on shares of Workday in a research report on Wednesday, September 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Piper Sandler upgraded Workday from an "underweight" rating to a "neutral" rating and upped their price target for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Canaccord Genuity Group dropped their price target on Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped 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 equities 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $287.83.

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.

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