Apollon Wealth Management LLC Sells 235 Shares of Workday, Inc. $WDAY

Apollon Wealth Management LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 6.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,249 shares of the software maker’s stock after selling 235 shares during the period. Apollon Wealth Management LLC’s holdings in Workday were worth $780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock worth $5,288,000 after buying an additional 1,070 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock worth $265,000 after buying an additional 139 shares during the period. Chicago Capital LLC boosted its holdings in Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after buying an additional 3,824 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock worth $7,486,000 after buying an additional 8,093 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after purchasing an additional 5,300 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on WDAY. Sanford C. Bernstein reiterated an “outperform” rating and issued a $304.00 target price on shares of Workday in a research note on Friday, August 22nd. TD Cowen lowered their target price on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Canaccord Genuity Group lowered their target price on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Citigroup lowered their target price on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Buying and Selling

In related news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. This trade represents a 3.44% 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, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider 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 disclosure for this sale can be found here. Insiders have sold 264,933 shares of company stock worth $61,475,760 over the last 90 days. Insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $234.76 on Thursday. The stock has a market cap of $62.68 billion, a PE ratio of 108.69, a PEG ratio of 2.96 and a beta of 1.10. The company’s fifty day moving average is $230.93 and its 200 day moving average is $236.80. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share 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.