Warren Street Wealth Advisors LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 977 shares of the software maker’s stock, valued at approximately $252,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Avion Wealth lifted its stake in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Workday in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.
Workday Price Performance
Shares of Workday stock opened at $257.92 on Thursday. The business has a 50 day moving average of $262.57 and a 200 day moving average of $251.13. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a market cap of $68.61 billion, a PE ratio of 42.77, a P/E/G ratio of 3.78 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.
Analyst Ratings Changes
Several research firms recently issued reports on WDAY. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Thursday, February 6th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Mizuho raised their target price on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and boosted their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $292.43.
Check Out Our Latest Research Report on WDAY
Insiders Place Their Bets
In other news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the sale, the insider now owns 284,000 shares in the company, valued at approximately $78,188,040. The trade was a 16.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock worth $113,142,592. Company insiders own 20.00% of the company’s stock.
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.
Read More
- Five stocks we like better than Workday
- How to Calculate Inflation Rate
- 3 Reasons Micron Stock Is Deeply Undervalued Right Now
- What is a support level?
- Inflation Persists, But So Do Stock Opportunities: Rally On
- The How and Why of Investing in Gold Stocks
- Energy Transfer Fuels the Cloud: A Natural Gas Power Play
Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.