Warren Street Wealth Advisors LLC Acquires New Stake in Workday, Inc. (NASDAQ:WDAY)

Warren Street Wealth Advisors LLC acquired a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 977 shares of the software maker's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. Two Sigma Advisers LP lifted its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock valued at $150,019,000 after purchasing an additional 562,400 shares during the period. KBC Group NV increased its position in Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker's stock valued at $169,199,000 after buying an additional 506,812 shares in the last quarter. Janus Henderson Group PLC increased its position in Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after buying an additional 480,459 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Workday during the 3rd quarter valued at approximately $78,003,000. Finally, Lindbrook Capital LLC increased its position in Workday by 17,001.6% during the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker's stock valued at $703,000 after buying an additional 284,266 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WDAY. Scotiabank began coverage on Workday in a research report on Monday, November 18th. They set a "sector outperform" rating and a $340.00 price objective for the company. Royal Bank of Canada raised their price objective on Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Piper Sandler reaffirmed a "neutral" rating and set a $270.00 price objective (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Finally, Citigroup reduced their price objective on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $292.43.

Workday Stock Performance

NASDAQ WDAY traded down $2.08 on Friday, hitting $258.05. 1,382,014 shares of the company traded hands, compared to its average volume of 2,045,437. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 42.79, a P/E/G ratio of 3.78 and a beta of 1.35. 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 business's 50 day moving average price is $262.13 and its 200-day moving average price is $251.63. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is owned by corporate insiders.

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.