Murphy & Mullick Capital Management Corp Purchases Shares of 3,615 Workday, Inc. (NASDAQ:WDAY)

Murphy & Mullick Capital Management Corp acquired a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,615 shares of the software maker's stock, valued at approximately $933,000. Workday accounts for 0.9% of Murphy & Mullick Capital Management Corp's holdings, making the stock its 27th largest holding.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Workday by 1.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 230,729 shares of the software maker's stock valued at $59,535,000 after purchasing an additional 4,104 shares in the last quarter. Keystone Investors PTE Ltd. bought a new stake in shares of Workday during the 4th quarter valued at $1,589,000. Zions Bancorporation N.A. grew its position in shares of Workday by 33.0% in the 4th quarter. Zions Bancorporation N.A. now owns 19,917 shares of the software maker's stock worth $5,139,000 after buying an additional 4,937 shares during the period. Ashton Thomas Securities LLC increased its stake in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after acquiring an additional 46 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Workday by 8.7% during the 4th quarter. Prudential Financial Inc. now owns 190,762 shares of the software maker's stock valued at $49,222,000 after acquiring an additional 15,307 shares during the period. 89.81% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Redburn Atlantic started coverage on shares of Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating on the stock. Finally, Loop Capital increased their price objective on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $300.36.

Workday Trading Down 2.5 %

Shares of NASDAQ:WDAY traded down $6.06 during trading on Friday, reaching $238.49. The company's stock had a trading volume of 1,888,639 shares, compared to its average volume of 2,522,044. The stock has a market capitalization of $63.44 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $256.67 and its two-hundred day simple moving average is $254.83.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the transaction, the director now owns 75,000 shares of the company's stock, valued at approximately $18,099,750. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the transaction, the insider now directly owns 172,000 shares in the company, valued at approximately $45,021,000. The trade was a 24.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 487,145 shares of company stock worth $123,289,438. Insiders own 20.00% of the company's stock.

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.