NEOS Investment Management LLC Grows Position in Workday, Inc. (NASDAQ:WDAY)

NEOS Investment Management LLC grew its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 105.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,133 shares of the software maker's stock after buying an additional 12,923 shares during the period. NEOS Investment Management LLC's holdings in Workday were worth $6,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WDAY. Roxbury Financial LLC acquired a new stake in Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the 4th quarter worth $26,000. Avion Wealth boosted its position in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC purchased a new position in Workday during the 4th quarter worth $35,000. Finally, True Wealth Design LLC increased its position in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 431,145 shares of company stock worth $108,631,438. 20.00% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their price target on Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group upped their price target on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. UBS Group lifted their price objective on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Scotiabank cut their target price on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $300.18.

Workday Price Performance

WDAY stock traded down $4.76 during trading on Monday, hitting $233.73. The stock had a trading volume of 2,043,623 shares, compared to its average volume of 2,520,518. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company's 50-day moving average price is $256.67 and its two-hundred day moving average price is $254.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $62.17 billion, a P/E ratio of 38.76, a PEG ratio of 3.55 and a beta of 1.38.

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