Workday, Inc. $WDAY Holdings Raised by Choreo LLC

Choreo LLC increased its stake in Workday, Inc. (NASDAQ:WDAY) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,072 shares of the software maker’s stock after purchasing an additional 2,496 shares during the quarter. Choreo LLC’s holdings in Workday were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Dagco Inc. purchased a new position in shares of Workday in the first quarter worth approximately $31,000. Golden State Wealth Management LLC grew its position in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new position in Workday during the 2nd quarter worth approximately $42,000. Geneos Wealth Management Inc. raised its stake in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after purchasing an additional 127 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Workday in the first quarter worth $48,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 1,915 shares of Workday stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the transaction, the chief accounting officer directly owned 37,351 shares in the company, valued at approximately $8,925,394.96. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 264,933 shares of company stock worth $61,475,760 in the last quarter. 19.31% of the stock is owned by corporate insiders.

Workday Stock Down 7.9%

Shares of WDAY stock opened at $215.34 on Friday. The stock’s 50 day simple moving average is $233.59 and its 200 day simple moving average is $236.32. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.10 and a current ratio of 1.83. The company has a market capitalization of $57.50 billion, a price-to-earnings ratio of 90.48, a PEG ratio of 2.67 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Wednesday. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Morgan Stanley upped their price objective on shares of Workday from $255.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Zacks Research lowered shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $282.70.

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.