CWA Asset Management Group LLC Buys Shares of 1,975 Workday, Inc. (NASDAQ:WDAY)

CWA Asset Management Group LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,975 shares of the software maker's stock, valued at approximately $510,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the third quarter valued at $26,000. Goodman Advisory Group LLC purchased a new position in Workday during the 2nd quarter valued at about $35,000. Meeder Asset Management Inc. grew its position in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. New Millennium Group LLC increased its stake in Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after purchasing an additional 94 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after purchasing an additional 143 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WDAY. Canaccord Genuity Group restated a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Friday, September 13th. Barclays cut their price objective on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on Workday from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Citigroup cut their price target on Workday from $274.00 to $270.00 and set a "neutral" rating on the stock in a report on Wednesday, September 25th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $270.00 price objective (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $292.25.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $5.01 during midday trading on Thursday, reaching $254.69. 2,242,319 shares of the company were exchanged, compared to its average volume of 1,971,758. The stock has a fifty day simple moving average of $262.35 and a 200 day simple moving average of $245.50. 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 stock has a market cap of $67.75 billion, a P/E ratio of 42.24, a PEG ratio of 5.04 and a beta of 1.34. 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 earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 370,085 shares of company stock valued at $95,380,557. 20.00% of the stock is owned by company insiders.

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.