First Bank & Trust Purchases 1,989 Shares of Workday, Inc. (NASDAQ:WDAY)

First Bank & Trust boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 49.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,029 shares of the software maker's stock after acquiring an additional 1,989 shares during the period. First Bank & Trust's holdings in Workday were worth $1,556,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its stake in shares of Workday by 14.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,157 shares of the software maker's stock valued at $557,000 after acquiring an additional 278 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of Workday during the fourth quarter worth $292,000. Ieq Capital LLC grew its holdings in shares of Workday by 27.1% in the 4th quarter. Ieq Capital LLC now owns 24,080 shares of the software maker's stock valued at $6,213,000 after buying an additional 5,135 shares during the period. Private Advisor Group LLC raised its stake in Workday by 10.4% during the 4th quarter. Private Advisor Group LLC now owns 7,742 shares of the software maker's stock worth $1,998,000 after buying an additional 729 shares during the period. Finally, Lyell Wealth Management LP lifted its holdings in Workday by 0.6% during the fourth quarter. Lyell Wealth Management LP now owns 91,466 shares of the software maker's stock worth $23,601,000 after acquiring an additional 538 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Piper Sandler reissued 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. Barclays cut their price objective on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Finally, Citigroup lowered their target price on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Ten investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $291.11.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 13,972 shares of the company's stock, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock worth $113,142,592. Insiders own 20.00% of the company's stock.

Workday Stock Performance

WDAY traded down $5.24 during trading on Friday, hitting $256.39. The stock had a trading volume of 2,415,239 shares, compared to its average volume of 2,092,095. 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 firm has a market cap of $68.20 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 3.56 and a beta of 1.35. The company has a 50 day moving average price of $261.10 and a 200-day moving average price of $252.54. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28.

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

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.