Workday, Inc. (NASDAQ:WDAY) is Lecap Asset Management Ltd.'s 8th Largest Position

Lecap Asset Management Ltd. boosted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 84.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,334 shares of the software maker's stock after purchasing an additional 8,391 shares during the period. Workday comprises approximately 1.0% of Lecap Asset Management Ltd.'s portfolio, making the stock its 8th biggest holding. Lecap Asset Management Ltd.'s holdings in Workday were worth $4,481,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WDAY. Crewe Advisors LLC purchased a new position in shares of Workday during the 1st quarter valued at $27,000. Sound Income Strategies LLC boosted its position in Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker's stock worth $31,000 after purchasing an additional 49 shares during the period. SouthState Corp boosted its position in Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after purchasing an additional 129 shares during the period. Pacific Center for Financial Services increased its stake in shares of Workday by 57.0% in the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker's stock worth $43,000 after purchasing an additional 57 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Workday in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insiders Place Their Bets

In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the sale, the insider now owns 196,344 shares of the company's stock, valued at approximately $51,106,379.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the sale, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. 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 accessible through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the company's stock in a transaction that occurred 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 $26,902,816.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last ninety days. Company insiders own 20.00% of the company's stock.

Workday Trading Up 1.2 %

Shares of WDAY opened at $246.76 on Wednesday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm has a market cap of $65.39 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 4.85 and a beta of 1.35. The firm has a 50 day moving average price of $246.48 and a 200-day moving average price of $237.45. 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 (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The company's revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WDAY shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Friday, September 13th. Barclays raised their price target on Workday from $286.00 to $289.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. DA Davidson boosted their price objective on Workday from $255.00 to $270.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Loop Capital raised their target price on Workday from $240.00 to $255.00 and gave the stock a "hold" rating in a research note on Friday, August 23rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $285.00 price target on shares of Workday in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $287.04.

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.

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