Wealth Enhancement Advisory Services LLC Purchases 569 Shares of Workday, Inc. (NASDAQ:WDAY)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 14.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,444 shares of the software maker’s stock after purchasing an additional 569 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Workday were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its holdings in Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Workday by 1,750.0% in the 4th 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 during the last quarter. Sound Income Strategies LLC increased its stake in shares of Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Workday in the 4th quarter valued at about $33,000. Finally, VisionPoint Advisory Group LLC increased its stake in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Harry Sauer sold 8,447 shares of Workday 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 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. Insiders sold a total of 462,830 shares of company stock valued at $106,891,868 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

Workday Trading Up 1.6 %

Shares of Workday stock opened at $229.13 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The business has a fifty day simple moving average of $229.71 and a two-hundred day simple moving average of $261.65. Workday, Inc. has a 1 year low of $202.01 and a 1 year high of $311.28. The company has a market capitalization of $60.72 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 5.68 and a beta of 1.35.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 2.12 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on WDAY shares. 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 research note on Friday, May 24th. Sanford C. Bernstein lowered their price target on Workday from $321.00 to $301.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Piper Sandler lowered their price target on Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Stifel Nicolaus lowered their target price on Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of Workday in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $282.11.

View Our Latest Stock Analysis on Workday

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.

Further Reading

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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