Bernardo Wealth Planning LLC Makes New Investment in Workday, Inc. $WDAY

Bernardo Wealth Planning LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,416 shares of the software maker’s stock, valued at approximately $340,000.

A number of other hedge funds also recently made changes to their positions in the company. Dagco Inc. bought a new position in Workday during the first quarter valued at approximately $31,000. Golden State Wealth Management LLC boosted its position in shares of Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in shares of Workday during the 2nd quarter valued at approximately $42,000. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% in the first 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 in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Workday in the first quarter worth $48,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 1,915 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares in the company, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total value of $17,738,026.02. Following the transaction, the insider owned 102,997 shares in the company, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 264,933 shares of company stock worth $61,475,760 over the last quarter. Insiders own 19.31% of the company’s stock.

Workday Trading Up 0.2%

Shares of WDAY opened at $215.69 on Friday. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 2.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 2.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a 50-day moving average of $233.23 and a 200 day moving average of $235.73.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $1.89 earnings per share. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WDAY shares. Guggenheim reiterated a “buy” rating and set a $285.00 price objective on shares of Workday in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Macquarie reissued a “buy” rating on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Sanford C. Bernstein dropped their target price on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.70.

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.