Lindbrook Capital LLC Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

Lindbrook Capital LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 17,001.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,938 shares of the software maker's stock after buying an additional 284,266 shares during the period. Lindbrook Capital LLC owned approximately 0.11% of Workday worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in Workday in the 3rd quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of Workday in the first quarter valued at about $27,000. SouthState Corp grew its holdings in shares of Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker's stock valued at $34,000 after purchasing an additional 129 shares during the period. Goodman Advisory Group LLC acquired a new stake in shares of Workday during the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC acquired a new stake in Workday during the second quarter worth $36,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Down 0.6 %

Shares of NASDAQ:WDAY traded down $1.44 on Friday, hitting $256.54. 1,729,654 shares of the company's stock were exchanged, compared to its average volume of 1,440,019. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a market capitalization of $67.98 billion, a PE ratio of 44.69, a P/E/G ratio of 5.09 and a beta of 1.35. The firm's 50-day moving average is $245.75 and its 200 day moving average is $235.93.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares in the company, valued at $20,228,745.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 in the last ninety days. 20.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup lowered their price target on Workday from $274.00 to $270.00 and set a "neutral" rating for the company in a report on Wednesday, September 25th. Evercore ISI dropped their price target on shares of Workday from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Workday from $265.00 to $275.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Loop Capital boosted their target price on Workday from $240.00 to $255.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Finally, JMP Securities restated a "market outperform" rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $287.04.

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.