LPL Financial LLC Buys 35,211 Shares of Workday, Inc. (NASDAQ:WDAY)

LPL Financial LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,293 shares of the software maker's stock after purchasing an additional 35,211 shares during the period. LPL Financial LLC owned about 0.06% of Workday worth $43,526,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new stake in shares of Workday in the fourth quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the 4th quarter worth approximately $26,000. Avion Wealth increased its stake in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC bought a new position in shares of Workday during the fourth quarter valued at approximately $35,000. Finally, True Wealth Design LLC lifted its stake in Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after acquiring an additional 143 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WDAY. KeyCorp upped their price objective on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company raised their price objective on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. UBS Group upped their target price on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Piper Sandler raised their target price on Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Loop Capital lifted their price target on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and an average price target of $300.18.

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Insider Buying and Selling

In other news, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now owns 6,845 shares in the company, valued at $1,732,401.05. This represents a 21.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,145 shares of company stock valued at $108,631,438 over the last 90 days. Company insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of WDAY stock traded up $0.20 during trading hours on Wednesday, reaching $234.73. The company had a trading volume of 389,503 shares, compared to its average volume of 2,521,895. 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 business has a fifty day moving average price of $256.02 and a 200-day moving average price of $254.58. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market cap of $62.44 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.