5,643 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Retireful LLC

Retireful LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,643 shares of the software maker's stock, valued at approximately $1,456,000.

Several other institutional investors have also bought and sold shares of WDAY. Sanctuary Advisors LLC increased its position in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock valued at $7,934,000 after purchasing an additional 1,978 shares during the last quarter. Grafton Street Partners Fund LP bought a new position in Workday during the third quarter valued at $4,424,000. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock valued at $7,791,000 after acquiring an additional 7,802 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock worth $182,753,000 after acquiring an additional 119,769 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock worth $384,518,000 after purchasing an additional 118,180 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WDAY. Scotiabank started coverage on shares of Workday in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $340.00 price objective on the stock. Citigroup decreased their price target on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday. Morgan Stanley upped their price objective on Workday from $315.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Mizuho lifted their target price on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Piper Sandler restated a "neutral" rating and issued a $270.00 price target (down from $285.00) on shares of Workday in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $292.25.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the sale, the insider now owns 60,000 shares of the company's stock, valued at approximately $14,785,200. The trade was a 48.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 in the last 90 days. Insiders own 20.00% of the company's stock.

Workday Stock Up 0.5 %

Shares of WDAY stock traded up $1.33 during trading hours on Friday, reaching $252.03. 383,558 shares of the company's stock were exchanged, compared to its average volume of 1,955,709. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $67.04 billion, a PE ratio of 41.80, a PEG ratio of 4.51 and a beta of 1.34. The stock's fifty day moving average price is $262.69 and its two-hundred day moving average price is $246.45.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business posted $0.47 EPS. Workday's revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts predict that Workday, Inc. will post 2.64 EPS for the current year.

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.