Calamos Advisors LLC Sells 63,627 Shares of Workday, Inc. $WDAY

Calamos Advisors LLC trimmed its position in shares of Workday, Inc. (NASDAQ:WDAY) by 62.7% during the second quarter, Holdings Channel.com reports. The firm owned 37,930 shares of the software maker’s stock after selling 63,627 shares during the period. Calamos Advisors LLC’s holdings in Workday were worth $9,103,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Dagco Inc. acquired a new stake in shares of Workday in the 1st quarter worth about $31,000. Golden State Wealth Management LLC increased its holdings in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in Workday during the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. raised its stake in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Workday in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of several recent research reports. Barclays upped their price target on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. KeyCorp reduced their target price on shares of Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and raised their price target for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Evercore ISI boosted their price target on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $287.86.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction that occurred 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 transaction, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the sale, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is currently owned by insiders.

Workday Stock Performance

NASDAQ WDAY opened at $223.49 on Friday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a 50-day simple moving average of $234.43 and a 200 day simple moving average of $238.05. 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 capitalization of $59.67 billion, a PE ratio of 103.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (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 for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts predict 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.