Inspirion Wealth Advisors LLC Has $8.30 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Inspirion Wealth Advisors LLC lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,258 shares of the software maker's stock after selling 3,000 shares during the quarter. Workday comprises about 1.2% of Inspirion Wealth Advisors LLC's investment portfolio, making the stock its 17th biggest position. Inspirion Wealth Advisors LLC's holdings in Workday were worth $8,304,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WDAY. Gateway Investment Advisers LLC boosted its position in Workday by 17.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 29,839 shares of the software maker's stock worth $7,699,000 after purchasing an additional 4,351 shares during the period. Beech Hill Advisors Inc. lifted its stake in shares of Workday by 13.3% in the fourth quarter. Beech Hill Advisors Inc. now owns 6,574 shares of the software maker's stock worth $1,696,000 after buying an additional 770 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Workday by 21.0% during the 4th quarter. Mirador Capital Partners LP now owns 13,940 shares of the software maker's stock worth $3,597,000 after buying an additional 2,417 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Workday by 19.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,764 shares of the software maker's stock worth $455,000 after buying an additional 285 shares during the period. Finally, Connective Portfolio Management LLC acquired a new position in Workday in the 4th quarter valued at $310,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price target on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Mizuho upped their price target on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and raised their price objective for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Piper Sandler reiterated a "neutral" rating and set a $270.00 target price (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $292.25.

Workday Price Performance

NASDAQ:WDAY traded up $1.08 on Friday, reaching $251.78. The stock had a trading volume of 273,395 shares, compared to its average volume of 1,946,812. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $66.97 billion, a P/E ratio of 41.75, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The stock has a fifty day moving average price of $262.69 and a 200-day moving average price of $246.45.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.47 EPS. Workday's revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 70,003 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 121,100 shares in the company, valued at $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 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.