Commonwealth Equity Services LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY – Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,129 shares of the software maker’s stock after acquiring an additional 479 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Workday were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. RB Capital Management LLC increased its position in Workday by 2.8% during the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock valued at $662,000 after buying an additional 76 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Workday by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock worth $601,000 after purchasing an additional 265 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Workday during the 1st quarter valued at about $2,974,000. Yousif Capital Management LLC increased its stake in Workday by 2.7% during the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after purchasing an additional 74 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Workday by 10.3% in the first quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock worth $812,000 after buying an additional 316 shares during the last quarter. 68.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Oppenheimer raised their price target on shares of Workday from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. JPMorgan Chase & Co. boosted their price target on Workday from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 25th. Needham & Company LLC increased their price objective on Workday from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Piper Sandler boosted their target price on Workday from $280.00 to $288.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Finally, Barclays raised their price target on shares of Workday from $258.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.71.
Workday Price Performance
Shares of Workday stock opened at $248.49 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. Workday, Inc. has a 12 month low of $128.72 and a 12 month high of $249.26. The stock has a 50 day moving average of $229.01 and a 200 day moving average of $207.63. The firm has a market cap of $65.10 billion, a PE ratio of -517.69, a PEG ratio of 11.90 and a beta of 1.23.
Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings results on Thursday, August 24th. The software maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.17. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Workday had a negative net margin of 1.81% and a positive return on equity of 2.09%. Workday’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. On average, research analysts expect that Workday, Inc. will post 0.75 EPS for the current fiscal year.
Insider Transactions at Workday
In related news, Director George J. Still, Jr. sold 5,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $204.15, for a total value of $1,020,750.00. Following the completion of the sale, the director now directly owns 159,903 shares in the company, valued at $32,644,197.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Workday news, CEO Carl M. Eschenbach bought 8,676 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $240.44 per share, for a total transaction of $2,086,057.44. Following the completion of the transaction, the chief executive officer now owns 20,222 shares in the company, valued at $4,862,177.68. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $204.15, for a total transaction of $1,020,750.00. Following the sale, the director now directly owns 159,903 shares of the company’s stock, valued at $32,644,197.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,403 shares of company stock worth $35,952,147. 21.09% of the stock is currently owned by company insiders.
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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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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