Benjamin F. Edwards & Company Inc. Has $301,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

Benjamin F. Edwards & Company Inc. increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 3,416.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,090 shares of the software maker’s stock after acquiring an additional 1,059 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Workday were worth $301,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WDAY. Westover Capital Advisors LLC boosted its holdings in Workday by 5.4% during the 4th quarter. Westover Capital Advisors LLC now owns 2,669 shares of the software maker’s stock worth $737,000 after acquiring an additional 137 shares during the last quarter. Levin Capital Strategies L.P. purchased a new stake in Workday in the 4th quarter valued at about $414,000. SRS Capital Advisors Inc. lifted its position in shares of Workday by 61.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 448 shares of the software maker’s stock worth $124,000 after buying an additional 171 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Workday by 26.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 216,903 shares of the software maker’s stock worth $59,878,000 after buying an additional 45,836 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of Workday in the 4th quarter worth approximately $208,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 1.5 %

Shares of NASDAQ WDAY opened at $245.96 on Friday. 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 business has a 50-day moving average of $265.10 and a 200-day moving average of $265.94. The firm has a market capitalization of $64.93 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 6.39 and a beta of 1.33. Workday, Inc. has a 12 month low of $174.70 and a 12 month high of $311.28.

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

Analyst Ratings Changes

A number of brokerages recently commented on WDAY. The Goldman Sachs Group lifted their price target on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Barclays cut their price target 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. DA Davidson restated a “neutral” rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, February 27th. Guggenheim reiterated a “sell” rating and issued a $190.00 target price on shares of Workday in a research note on Tuesday, February 27th. Finally, Piper Sandler reissued an “overweight” rating and set a $330.00 target price on shares of Workday in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the sale, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 over the last 90 days. Insiders own 21.09% of the company’s stock.

About Workday

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.