Advyzon Investment Management LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Advyzon Investment Management LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,130 shares of the software maker's stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in shares of Workday during the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Workday during the 3rd quarter worth approximately $26,000. Crews Bank & Trust purchased a new stake in shares of Workday during the 4th quarter worth approximately $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Down 2.0 %

Shares of WDAY stock traded down $5.24 on Friday, reaching $256.39. 2,415,239 shares of the stock were exchanged, compared to its average volume of 2,092,095. The stock has a market cap of $68.20 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 3.56 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $261.10 and a two-hundred day moving average of $252.54. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $0.47 EPS. The business's revenue for the quarter was up 15.8% on a year-over-year basis. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In related news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company's stock, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 438,819 shares of company stock worth $113,142,592. Corporate insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WDAY. Oppenheimer reissued an "outperform" rating and set a $300.00 price target on shares of Workday in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 target price on shares of Workday in a research note on Thursday, February 6th. Barclays reduced their target price on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their target price on Workday from $300.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Citigroup reduced their target price on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $291.11.

Workday Company 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.