Lansforsakringar Fondforvaltning AB publ Sells 2,814 Shares of Workday, Inc. $WDAY

Key Points

• Lansforsakringar Fondforvaltning AB has reduced its position in Workday, Inc. by 3.9%, owning 68,499 shares worth approximately $16 million as of the latest SEC filing.
• Major institutional investors like Nuveen LLC and T. Rowe Price have significantly increased their stakes in Workday, indicating strong interest in the stock, with 89.81% of shares controlled by institutional investors.
• Workday's recent earnings report showed a revenue increase of 12.6% year-over-year, beating analyst expectations, with a reported EPS of $2.21.

Lansforsakringar Fondforvaltning AB publ trimmed its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,499 shares of the software maker's stock after selling 2,814 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Workday were worth $15,997,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its holdings in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares during the period. Dagco Inc. bought a new position in shares of Workday during the 1st quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday in the 1st quarter valued at about $32,000. Financial Management Professionals Inc. grew its stake in shares of Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new stake in Workday in the 1st quarter valued at about $40,000. Institutional investors own 89.81% of the company's stock.

Workday Stock Up 1.0%

Shares of NASDAQ WDAY traded up $2.32 during trading on Monday, hitting $230.82. The stock had a trading volume of 3,243,481 shares, compared to its average volume of 4,037,615. The firm has a fifty day moving average of $231.09 and a two-hundred day moving average of $240.92. The company has a market capitalization of $61.63 billion, a PE ratio of 106.86, a PEG ratio of 3.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

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 the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The firm'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, equities research analysts forecast 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. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Friday, August 22nd. Cantor Fitzgerald set a $265.00 target price on Workday in a research report on Thursday, August 14th. DA Davidson increased their target price on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Citigroup decreased their price target on shares of Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $286.81.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 73,971 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total value of $17,653,918.86. Following the sale, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,581,264.02. This represents a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,880 shares of company stock worth $78,449,679. 20.00% 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.