Guggenheim Capital LLC Trims Stock Holdings in Workday, Inc. $WDAY

Key Points

• Guggenheim Capital LLC reduced its holdings in Workday, Inc. by 6.2% during the 1st quarter, leaving them with 92,417 shares valued at approximately $21.58 million.
• Several hedge funds increased their positions in Workday, with notable growth from Brighton Jones LLC, which raised its stake by 230.2% in the 4th quarter.
• Workday's recent quarterly earnings report showed earnings per share of $2.21, surpassing analysts' expectations and representing a 12.6% increase in revenue year-over-year.

Guggenheim Capital LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 92,417 shares of the software maker's stock after selling 6,071 shares during the period. Guggenheim Capital LLC's holdings in Workday were worth $21,582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WDAY. Brighton Jones LLC grew its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock valued at $793,000 after purchasing an additional 595 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Workday by 40.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,829 shares of the software maker's stock valued at $90,545,000 after purchasing an additional 101,466 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Workday by 23.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,034 shares of the software maker's stock valued at $525,000 after purchasing an additional 388 shares during the last quarter. Finally, Capital Analysts LLC grew its stake in shares of Workday by 16.3% in the 4th quarter. Capital Analysts LLC now owns 563 shares of the software maker's stock valued at $145,000 after purchasing an additional 79 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares in the company, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 325,880 shares of company stock valued at $78,449,679. Corporate insiders own 20.00% of the company's stock.

Workday Stock Performance

NASDAQ WDAY opened at $222.88 on Wednesday. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The stock has a market cap of $59.51 billion, a price-to-earnings ratio of 103.19, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24. The business has a fifty day moving average of $231.55 and a 200-day moving average of $241.76. The company has a quick ratio of 2.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The business's revenue for the quarter 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. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of analyst reports. Westpark Capital lifted their price target on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Piper Sandler decreased their price target on Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. KeyCorp decreased their price target on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. UBS Group set a $304.00 price target on Workday in a research note on Friday. Finally, JMP Securities reiterated a "market outperform" rating and set a $315.00 target price on shares of Workday in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $286.81.

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.

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