Chicago Capital LLC Has $39.49 Million Holdings in Workday, Inc. $WDAY

Chicago Capital LLC cut its position in Workday, Inc. (NASDAQ:WDAY) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,054 shares of the software maker’s stock after selling 11,748 shares during the quarter. Chicago Capital LLC owned about 0.06% of Workday worth $39,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Workday in the 2nd quarter valued at about $25,000. Berbice Capital Management LLC grew its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC increased its position in Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Workday in the second quarter valued at approximately $41,000. Finally, Physician Wealth Advisors Inc. bought a new stake in Workday in the second quarter valued at approximately $42,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Wednesday, November 26th. Stifel Nicolaus dropped their price objective on shares of Workday from $255.00 to $235.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. Wells Fargo & Company cut their target price on shares of Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Macquarie reiterated a “buy” rating on shares of Workday in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $281.59.

Insider Activity at Workday

In related news, insider Gerrit S. Kazmaier sold 6,547 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the transaction, the insider owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark S. Garfield sold 1,915 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the sale, the chief accounting officer owned 37,351 shares in the company, valued at $8,925,394.96. This represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 332,646 shares of company stock worth $73,152,336 over the last three months. 20.00% of the stock is owned by insiders.

Workday Price Performance

WDAY stock opened at $208.90 on Tuesday. Workday, Inc. has a 12 month low of $202.22 and a 12 month high of $283.68. The firm has a market cap of $54.94 billion, a P/E ratio of 87.77, a P/E/G ratio of 2.32 and a beta of 1.14. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $221.90 and its two-hundred day moving average price is $229.12.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.