Kestra Private Wealth Services LLC Acquires 374 Shares of Workday, Inc. (NASDAQ:WDAY)

Kestra Private Wealth Services LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,229 shares of the software maker’s stock after acquiring an additional 374 shares during the period. Kestra Private Wealth Services LLC’s holdings in Workday were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC boosted its holdings in shares of Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after buying an additional 105 shares during the last quarter. CVA Family Office LLC purchased a new position in Workday during the 4th quarter valued at approximately $33,000. VisionPoint Advisory Group LLC increased its stake in Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after acquiring an additional 84 shares during the last quarter. Finally, Clear Street Markets LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of Workday stock opened at $255.78 on Monday. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a market capitalization of $67.53 billion, a PE ratio of 49.67, a P/E/G ratio of 6.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The company has a 50-day simple moving average of $268.07 and a two-hundred day simple moving average of $265.53.

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

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,691 shares of company stock valued at $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their price objective on Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Evercore ISI increased their target price on Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. UBS Group lowered their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Piper Sandler restated an “overweight” rating and issued a $330.00 price target 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.