Advisory Services Network LLC Has $547,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Advisory Services Network LLC raised its stake in Workday, Inc. (NASDAQ:WDAYFree Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,981 shares of the software maker’s stock after buying an additional 139 shares during the quarter. Advisory Services Network LLC’s holdings in Workday were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its stake in Workday by 1.2% in the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock valued at $788,000 after buying an additional 34 shares during the period. VisionPoint Advisory Group LLC increased its holdings in shares of Workday by 27.6% in the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after acquiring an additional 34 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after acquiring an additional 36 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Workday by 2.6% in the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after acquiring an additional 36 shares in the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of Workday by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock worth $598,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, May 24th. Royal Bank of Canada lowered their price target on Workday from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Mizuho lowered their price target on Workday from $325.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 24th. Citigroup decreased their price objective on Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Finally, Guggenheim reiterated a “sell” rating and set a $190.00 price objective on shares of Workday in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $283.96.

Get Our Latest Research Report on WDAY

Workday Stock Performance

Shares of NASDAQ WDAY opened at $211.45 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12 month low of $201.42 and a 12 month high of $311.28. The stock has a 50 day moving average of $253.75 and a 200-day moving average of $268.74. The company has a market capitalization of $55.82 billion, a P/E ratio of 38.10, a P/E/G ratio of 6.41 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.20. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. As a group, equities research analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $17,797,342.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the transaction, the insider now directly owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,483,917 in the last ninety days. 20.00% of the stock is owned by company insiders.

Workday Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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