Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,710 shares of the software maker’s stock after acquiring an additional 657 shares during the period. Atria Wealth Solutions Inc.’s holdings in Workday were worth $2,681,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its holdings in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. CVA Family Office LLC acquired a new stake in Workday in the fourth quarter valued at $33,000. VisionPoint Advisory Group LLC raised its holdings in shares of Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in shares of Workday during the third quarter worth $29,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

NASDAQ:WDAY opened at $251.04 on Monday. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $273.49 and a 200-day moving average of $264.36. The firm has a market cap of $66.27 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Workday news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now directly owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 435,691 shares of company stock worth $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays dropped their target price on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. Wells Fargo & Company increased their target price on shares of Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Stifel Nicolaus increased their target price on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Citigroup increased their target price on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $330.00 target price on shares of Workday in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

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.