BlueStem Wealth Partners LLC Takes $310,000 Position in Workday, Inc. (NASDAQ:WDAY)

BlueStem Wealth Partners LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,201 shares of the software maker's stock, valued at approximately $310,000.

Several other large investors have also recently bought and sold shares of the stock. Metis Global Partners LLC grew its holdings in shares of Workday by 68.4% in the fourth quarter. Metis Global Partners LLC now owns 10,266 shares of the software maker's stock worth $2,649,000 after purchasing an additional 4,168 shares during the last quarter. SVB Wealth LLC purchased a new stake in Workday during the 4th quarter valued at $5,608,000. Mutual of America Capital Management LLC bought a new stake in Workday in the 4th quarter worth $6,575,000. Dynasty Wealth Management LLC increased its position in shares of Workday by 1.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,576 shares of the software maker's stock valued at $1,955,000 after acquiring an additional 133 shares during the period. Finally, First American Bank raised its stake in shares of Workday by 1.5% during the fourth quarter. First American Bank now owns 10,091 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 146 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on WDAY. BMO Capital Markets increased their price objective on Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Bank of America cut their price target on shares of Workday from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. KeyCorp lifted their price objective on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Finally, 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. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $302.14.

Workday Trading Up 2.4 %

Shares of NASDAQ:WDAY traded up $5.98 on Wednesday, hitting $259.61. 1,822,364 shares of the company's stock were exchanged, compared to its average volume of 2,437,236. The business's 50 day simple moving average is $259.17 and its two-hundred day simple moving average is $255.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $69.06 billion, a price-to-earnings ratio of 43.05, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

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

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the transaction, the insider now directly owns 228,000 shares in the company, valued at approximately $60,579,600. This trade represents a 19.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 369,374 shares of company stock worth $95,786,918 in the last ninety days. 20.00% of the stock is owned by company 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.