Portside Wealth Group LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 55.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,515 shares of the software maker's stock after buying an additional 5,904 shares during the period. Portside Wealth Group LLC's holdings in Workday were worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in Workday by 17.6% in the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker's stock valued at $8,849,000 after purchasing an additional 4,865 shares in the last quarter. ORG Partners LLC lifted its holdings in Workday by 3,717.9% in the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker's stock valued at $721,000 after purchasing an additional 3,123 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Workday by 42.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker's stock valued at $3,649,000 after purchasing an additional 3,965 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker's stock valued at $4,029,244,000 after purchasing an additional 324,540 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after purchasing an additional 118,180 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.
Wall Street Analyst Weigh In
WDAY has been the topic of a number of research reports. Barclays raised their price objective on Workday from $286.00 to $289.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $300.00 target price on shares of Workday in a research note on Friday, September 13th. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Piper Sandler reaffirmed an "overweight" rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. Finally, Citigroup cut their target price on Workday from $274.00 to $270.00 and set a "neutral" rating for the company in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $287.04.
Check Out Our Latest Research Report on WDAY
Insider Buying and Selling
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 completion of the sale, the insider now owns 281,000 shares in the company, valued at $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now owns 97,500 shares of the company's stock, valued at $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock worth $91,506,897 over the last 90 days. 20.00% of the stock is owned by insiders.
Workday Stock Down 0.6 %
Shares of WDAY traded down $1.44 during midday trading on Friday, hitting $256.54. The company had a trading volume of 1,728,357 shares, compared to its average volume of 2,100,365. The company's 50-day simple moving average is $245.75 and its 200-day simple moving average is $236.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $67.98 billion, a P/E ratio of 44.69, a P/E/G ratio of 5.00 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.
Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Workday, Inc. will post 2.4 EPS for the current year.
About Workday
(
Free Report)
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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