Lbp Am Sa Boosts Stock Position in Workday, Inc. $WDAY

Key Points

• Lbp Am Sa increased its stake in Workday, Inc. by 23.4%, owning a total of 50,676 shares valued at approximately $12.16 million.
• Insider selling activity included Richard Harry Sauer and Mark S. Garfield, who sold 1,160 and 451 shares respectively, collectively valued at around $379,000.
• Analysts have issued optimistic outlooks for Workday, with Zacks Research upgrading its rating to "strong-buy" and multiple firms setting target prices above $250.

Lbp Am Sa raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 23.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,676 shares of the software maker's stock after purchasing an additional 9,606 shares during the period. Lbp Am Sa's holdings in Workday were worth $12,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted 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 acquiring an additional 54 shares in the last quarter. Dagco Inc. acquired a new stake in Workday in the first quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Workday in the first quarter worth about $32,000. Financial Management Professionals Inc. boosted its holdings in Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after acquiring an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday in the first quarter worth about $40,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 1,160 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $235.41, for a total value of $273,075.60. Following the completion of the sale, the insider directly owned 95,756 shares in the company, valued at $22,541,919.96. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction on Thursday, July 10th. The shares were 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 trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 247,004 shares of company stock valued at $57,511,876 in the last quarter. Corporate insiders own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WDAY shares. Zacks Research raised Workday from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Guggenheim raised Workday from a "neutral" rating to a "buy" rating and set a $285.00 price target for the company in a report on Wednesday, September 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $340.00 price target on shares of Workday in a report on Wednesday, September 17th. Wall Street Zen raised Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Stifel Nicolaus decreased their target price on Workday from $275.00 to $255.00 and set a "hold" rating for the company in a report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and an average target price of $287.83.

Workday Trading Down 2.8%

Shares of NASDAQ:WDAY opened at $240.73 on Wednesday. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a market capitalization of $64.27 billion, a PE ratio of 111.45, a PEG ratio of 3.09 and a beta of 1.12. The business has a 50 day moving average of $230.45 and a two-hundred day moving average of $237.75. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

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 analysts' consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business's revenue was up 12.6% compared to the same quarter last year. During the same period 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. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.