Sivia Capital Partners LLC Buys Shares of 1,170 Workday, Inc. $WDAY

Key Points

• Sivia Capital Partners LLC has acquired 1,170 shares of Workday, Inc., valued at approximately $281,000, during the 2nd quarter according to its SEC filing.
• Several large investors, including Vanguard Group Inc. and T. Rowe Price Investment Management Inc., have increased their stakes in Workday, with institutional ownership now at 89.81%.
• Workday reported $2.21 earnings per share for its last quarter, exceeding analysts' expectations, alongside a revenue increase of 12.6% year-over-year.

Sivia Capital Partners LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,170 shares of the software maker's stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WDAY. Janney Montgomery Scott LLC grew its holdings in Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after acquiring an additional 1,070 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after purchasing an additional 139 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Workday by 33.8% during the first 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 during the period. Sowell Financial Services LLC bought a new stake in Workday in the first quarter worth approximately $290,000. Finally, D.A. Davidson & CO. lifted its stake in Workday by 27.8% in the first quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Cowen reaffirmed a "buy" rating on shares of Workday in a research note on Wednesday, September 17th. Citigroup cut their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. TD Cowen reduced their target price on Workday from $310.00 to $290.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

Insider Activity at Workday

In other Workday news, insider Richard Harry Sauer sold 1,160 shares of Workday stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total transaction of $273,075.60. Following the transaction, the insider owned 95,756 shares of the company's stock, valued at $22,541,919.96. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 328,024 shares of company stock valued at $76,664,934 over the last three months. Insiders own 20.00% of the company's stock.

Workday Stock Up 3.9%

Shares of WDAY stock traded up $9.04 during trading hours on Monday, reaching $242.66. The company had a trading volume of 4,621,819 shares, compared to its average volume of 3,650,568. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 112.34, a price-to-earnings-growth ratio of 3.08 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. The business has a fifty day simple moving average of $229.02 and a 200-day simple moving average of $237.66.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating 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 business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $1.75 EPS. Workday's quarterly 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. On average, research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.