Cwm LLC Raises Stake in Workday, Inc. $WDAY

Key Points

• Cwm LLC increased its stake in Workday, Inc. by 62.5%, owning a total of 11,194 shares worth approximately $2.69 million after acquiring an additional 4,305 shares in Q2.
• Workday's stock price opened at $234.25, showing a year-to-date increase, with a market cap of $62.54 billion and a P/E ratio of 108.45.
• In the latest quarterly earnings, Workday reported an EPS of $2.21, surpassing estimates and indicating a 12.6% revenue growth year-over-year.

Cwm LLC boosted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 62.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,194 shares of the software maker's stock after buying an additional 4,305 shares during the period. Cwm LLC's holdings in Workday were worth $2,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after purchasing an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after purchasing an additional 139 shares in the last quarter. Chicago Capital LLC boosted its position in Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker's stock worth $42,193,000 after purchasing an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock worth $7,486,000 after purchasing an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock worth $7,288,000 after purchasing an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Up 2.9%

NASDAQ WDAY opened at $234.25 on Friday. The business has a fifty day moving average price of $231.31 and a 200 day moving average price of $236.76. Workday, Inc. has a one year low of $205.33 and a one year 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 company has a market cap of $62.54 billion, a P/E ratio of 108.45, a P/E/G ratio of 2.92 and a beta of 1.10.

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

Analyst Ratings Changes

WDAY has been the topic of several recent research reports. Stifel Nicolaus lowered their price objective on Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a research report on Friday, August 22nd. Guggenheim raised Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price for the company in a research note on Wednesday, September 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $265.00 target price on shares of Workday in a research note on Wednesday, September 17th. Piper Sandler raised Workday from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. Finally, Cowen reaffirmed a "buy" rating on shares of Workday in a research note on Wednesday, September 17th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $287.83.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction on 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 directly owned 168,468 shares in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Harry Sauer sold 2,320 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company's stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock worth $61,475,760 in the last quarter. 19.31% of the stock is owned by insiders.

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.

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