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NoneWorkday, Inc. WDAY stock is moving lower on Wednesday after the company reported 2025 fiscal-year third quarter earnings on Tuesday after the bell . The Details: Workday shares fell approximately 10% after the company released earnings on Tuesday and shares continue to fall headed into Wednesday. The company reported earnings, including adjusted earnings per share of $1.89, beating analyst estimates of $1.76. Furthermore, the company reported sales of $2.16 billion, beating analyst estimates of $2.12 billion. The company reported other key pieces of financial data as well. Workday reported 12-month subscription revenue backlog of $6.98 billion and total subscription revenue backlog of $22.19 billion. It reported free cash flows of $359 million and operating cash flows of $406 million. Workday issued guidance for the 2025 fiscal-year fourth quarter. It anticipates subscription revenue of $2.02 billion. Additionally, the company revised its 2025 fiscal-year subscription revenue outlook, reducing it from between $7.70 billion to $7.72 billion to $7.703 billion. “Workday’s solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem,” said Carl Eschenbach , CEO, Workday. “Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success.” Analyst Changes: Following the earnings report, multiple analysts issued price target changes. Piper Sandler analyst Brent Bracelin downgraded Workday from an Overweight rating to a Neutral rating and lowered the price target from $285 to $270. Needham analyst Scott Berg reiterated a Buy rating on Workday and maintained a $300 price target. B of A Securities analyst Brad Sills maintained a Buy rating on Workday and lowered the price target from $310 to $285. Barclays analyst Raimo Lenschow maintained an Overweight rating on Workday and lowered the price target from $314 to $305. Loop Capital analyst Yun Kim maintained a Hold rating on Workday and lowered the price target from $270 to $242. Morgan Stanley analyst Keith Weiss maintained an Overweight rating on Workday and raised the price target from $315 to $330. Related Link: Intel Unusual Options Activity WDAY Price Action: At the time of publication, Workday stock is trading 4.97% lower at $256.74, according to data from Benzinga Pro . Image: Courtesy of Workday © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Tech-stock stumble is a worry heading into 2025. Here’s what could save the day.
Sanctuary Advisors LLC reduced its stake in Canadian Imperial Bank of Commerce ( NYSE:CM – Free Report ) (TSE:CM) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,541 shares of the bank’s stock after selling 2,267 shares during the period. Sanctuary Advisors LLC’s holdings in Canadian Imperial Bank of Commerce were worth $297,000 at the end of the most recent quarter. Other large investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC raised its position in Canadian Imperial Bank of Commerce by 675.8% in the third quarter. Hobbs Group Advisors LLC now owns 2,211 shares of the bank’s stock valued at $136,000 after purchasing an additional 1,926 shares during the period. Geode Capital Management LLC grew its position in Canadian Imperial Bank of Commerce by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,245,235 shares of the bank’s stock valued at $262,598,000 after acquiring an additional 336,854 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Canadian Imperial Bank of Commerce during the third quarter worth about $10,045,000. MML Investors Services LLC lifted its position in shares of Canadian Imperial Bank of Commerce by 0.5% during the third quarter. MML Investors Services LLC now owns 44,008 shares of the bank’s stock worth $2,699,000 after purchasing an additional 237 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Canadian Imperial Bank of Commerce by 76.1% in the third quarter. Orion Portfolio Solutions LLC now owns 15,935 shares of the bank’s stock valued at $977,000 after purchasing an additional 6,888 shares during the period. Institutional investors and hedge funds own 49.88% of the company’s stock. Analysts Set New Price Targets Several brokerages recently weighed in on CM. Royal Bank of Canada reiterated a “sector perform” rating and set a $97.00 target price (up from $74.00) on shares of Canadian Imperial Bank of Commerce in a report on Friday, December 6th. StockNews.com upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.00. Canadian Imperial Bank of Commerce Trading Down 2.4 % Shares of NYSE:CM opened at $62.89 on Friday. Canadian Imperial Bank of Commerce has a 52 week low of $43.86 and a 52 week high of $67.45. The company’s 50 day moving average is $64.37 and its two-hundred day moving average is $57.81. The company has a market cap of $59.41 billion, a PE ratio of 11.76, a P/E/G ratio of 1.78 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14. Canadian Imperial Bank of Commerce Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Friday, December 27th will be issued a $0.6912 dividend. This represents a $2.76 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.65. Canadian Imperial Bank of Commerce’s dividend payout ratio is 53.46%. Canadian Imperial Bank of Commerce Company Profile ( Free Report ) Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Further Reading Want to see what other hedge funds are holding CM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Imperial Bank of Commerce ( NYSE:CM – Free Report ) (TSE:CM). Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.com's FREE daily email newsletter .
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