Virtu Financial LLC Invests $2.29 Million in Workday, Inc. (NASDAQ:WDAY)

Virtu Financial LLC purchased a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,367 shares of the software maker's stock, valued at approximately $2,289,000.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Workday in the 3rd quarter valued at about $26,000. Meeder Asset Management Inc. raised its stake in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. True Wealth Design LLC lifted its position in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after purchasing an additional 143 shares during the last quarter. New Millennium Group LLC grew its stake in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after buying an additional 94 shares in the last quarter. Finally, SouthState Corp increased its holdings in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after buying an additional 129 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $245.36, for a total transaction of $13,740,160.00. Following the completion of the transaction, the insider now owns 449,000 shares of the company's stock, valued at approximately $110,166,640. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now owns 121,100 shares of the company's stock, valued at $30,369,458. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 361,463 shares of company stock worth $88,422,088. 20.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $300.00 price objective on shares of Workday in a report on Friday, September 13th. Morgan Stanley upped their price objective on Workday from $315.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. KeyCorp raised their price objective on Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Workday from $265.00 to $275.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Finally, Barclays reduced their price target on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and an average price target of $290.64.

Workday Trading Down 0.4 %

Shares of WDAY traded down $1.15 during trading hours on Friday, reaching $273.67. 2,888,858 shares of the company traded hands, compared to its average volume of 2,240,302. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market capitalization of $72.52 billion, a price-to-earnings ratio of 45.58, a price-to-earnings-growth ratio of 5.02 and a beta of 1.34. The company's fifty day moving average price is $253.11 and its two-hundred day moving average price is $238.37. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. Equities research analysts predict that Workday, Inc. will post 2.58 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.