Diversify Advisory Services LLC Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

Diversify Advisory Services LLC grew its stake in Workday, Inc. (NASDAQ:WDAY) by 17.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,263 shares of the software maker’s stock after buying an additional 1,713 shares during the quarter. Diversify Advisory Services LLC’s holdings in Workday were worth $2,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Workday in the third quarter valued at approximately $26,000. Goodman Advisory Group LLC acquired a new stake in shares of Workday in the 2nd quarter valued at $35,000. Meeder Asset Management Inc. lifted 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 worth $35,000 after purchasing an additional 43 shares during the last quarter. New Millennium Group LLC grew its stake in shares of Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of WDAY stock opened at $249.64 on Monday. The stock has a fifty day moving average price of $262.40 and a 200 day moving average price of $246.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $66.40 billion, a PE ratio of 41.40, a P/E/G ratio of 4.51 and a beta of 1.34. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Workday, Inc. will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WDAY. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Monday, November 25th. Piper Sandler restated a “neutral” rating and set a $270.00 price objective (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Barclays lowered their target price on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Citigroup cut their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Eight 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, the company has an average rating of “Moderate Buy” and a consensus price target of $292.25.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction on 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 in the company, valued at $8,789,681.92. This represents 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 worth $113,142,592. 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.