OneAscent Financial Services LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

OneAscent Financial Services LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,576 shares of the software maker's stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Roxbury Financial LLC bought a new position in Workday in the 4th quarter worth $25,000. Crews Bank & Trust acquired a new stake in shares of Workday during the 4th quarter worth approximately $26,000. Avion Wealth boosted its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday in the 4th quarter valued at $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

WDAY stock traded up $20.95 during trading hours on Wednesday, reaching $231.42. The stock had a trading volume of 4,768,211 shares, compared to its average volume of 2,597,968. The stock has a 50-day simple moving average of $249.84 and a 200 day simple moving average of $253.08. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The stock has a market capitalization of $61.56 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

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

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares in the company, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 296,424 shares of company stock worth $74,332,103. 20.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WDAY shares. Redburn Atlantic assumed coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating for the company. Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. Loop Capital boosted their price target on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Finally, UBS Group lifted their target price on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $300.18.

Workday 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.