Goodman Advisory Group LLC Invests $2.15 Million in Workday, Inc. (NASDAQ:WDAY)

Goodman Advisory Group LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,338 shares of the software maker's stock, valued at approximately $2,151,000.

Several other large investors have also modified their holdings of the stock. Roxbury Financial LLC acquired a new stake in Workday in the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the 4th quarter worth approximately $26,000. Avion Wealth boosted its holdings in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday during the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. raised its holdings in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley dropped their price target on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus lifted their target price on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price target on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $292.86.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 321,724 shares of company stock valued at $77,976,126. Insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of Workday stock traded up $4.98 on Wednesday, reaching $225.97. The stock had a trading volume of 615,833 shares, compared to its average volume of 2,618,067. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The business's 50-day moving average price is $242.34 and its two-hundred day moving average price is $251.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $60.11 billion, a P/E ratio of 37.47, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, sell-side analysts forecast 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.