Beirne Wealth Consulting Services LLC Purchases Shares of 6,588 Workday, Inc. $WDAY

Beirne Wealth Consulting Services LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,588 shares of the software maker’s stock, valued at approximately $1,586,000.

Several other institutional investors also recently modified their holdings of the business. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth about $25,000. Berbice Capital Management LLC raised its position in shares of 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 acquiring an additional 75 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of 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 acquiring an additional 133 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Workday in the third quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Workday in the second quarter valued at approximately $41,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $285.00 price target on shares of Workday in a research report on Wednesday, November 26th. Morgan Stanley increased their price target on Workday from $255.00 to $280.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Finally, DA Davidson dropped their price objective on Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $269.06.

Insiders Place Their Bets

In other Workday news, insider Richard Harry Sauer sold 1,130 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the completion of the sale, the insider owned 85,398 shares in the company, valued at approximately $17,933,580. The trade was a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 953 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total transaction of $199,710.68. Following the completion of the transaction, the chief accounting officer directly owned 35,336 shares in the company, valued at $7,405,012.16. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 370,321 shares of company stock worth $78,866,401 in the last quarter. Insiders own 20.00% of the company’s stock.

Workday Price Performance

WDAY stock opened at $144.42 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The company’s 50-day moving average is $194.49 and its 200-day moving average is $217.19. The stock has a market capitalization of $37.98 billion, a PE ratio of 60.68, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Workday, Inc. has a 1 year low of $140.59 and a 1 year high of $281.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share 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 business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday 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.