YHB Investment Advisors Inc. Purchases 1,252 Shares of Workday, Inc. (NASDAQ:WDAY)

YHB Investment Advisors Inc. boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,206 shares of the software maker’s stock after acquiring an additional 1,252 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Workday were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Workday by 179.3% in the 2nd quarter. Creative Planning now owns 44,647 shares of the software maker’s stock worth $9,981,000 after purchasing an additional 28,663 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Workday by 23.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,063 shares of the software maker’s stock worth $1,132,000 after acquiring an additional 970 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Workday by 19.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 914 shares of the software maker’s stock valued at $204,000 after buying an additional 147 shares in the last quarter. Quarry LP boosted its holdings in Workday by 63.5% in the 2nd quarter. Quarry LP now owns 273 shares of the software maker’s stock worth $61,000 after buying an additional 106 shares during the period. Finally, Truist Financial Corp increased its stake in Workday by 1.5% in the 2nd quarter. Truist Financial Corp now owns 88,588 shares of the software maker’s stock worth $19,805,000 after buying an additional 1,320 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Mizuho increased their price objective on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup cut their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Guggenheim upgraded shares of Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. Finally, Bank of America cut their price objective on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $292.25.

Workday Stock Performance

Shares of Workday stock opened at $270.43 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $261.01 and its two-hundred day moving average is $248.19. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a market capitalization of $71.93 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now owns 6,845 shares in the company, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 438,819 shares of company stock valued at $113,142,592. Corporate insiders own 20.00% of the company’s stock.

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.