Workday, Inc. (NASDAQ:WDAY) Stock Position Lifted by Chicago Capital LLC

Chicago Capital LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 242,575 shares of the software maker's stock after acquiring an additional 2,964 shares during the period. Workday makes up 1.6% of Chicago Capital LLC's portfolio, making the stock its 28th biggest position. Chicago Capital LLC owned about 0.09% of Workday worth $59,288,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Workday by 4.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker's stock valued at $281,000 after acquiring an additional 43 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker's stock worth $1,080,000 after purchasing an additional 47 shares in the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Workday by 5.2% in the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker's stock worth $231,000 after buying an additional 47 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in shares of Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker's stock valued at $324,000 after buying an additional 48 shares during the period. Finally, Sound Income Strategies LLC lifted its position in Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker's stock worth $31,000 after acquiring an additional 49 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company's stock, valued at $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now owns 281,000 shares of the company's stock, valued at $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. 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 the 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 transaction, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Performance

Workday stock traded up $1.22 during midday trading on Friday, reaching $244.48. 955,750 shares of the stock traded hands, compared to its average volume of 1,726,423. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market cap of $64.79 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 4.85 and a beta of 1.35. The firm has a fifty day moving average price of $245.21 and a two-hundred day moving average price of $237.79.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 16.5% on a year-over-year basis. On average, equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Bank of America raised their price target on shares of Workday from $265.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Morgan Stanley cut their price objective on shares of Workday from $325.00 to $315.00 and set an "overweight" rating on the stock in a report on Friday, August 23rd. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC cut their price target on Workday from $350.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.