Opal Wealth Advisors LLC Acquires 101 Shares of Workday, Inc. (NASDAQ:WDAY)

Opal Wealth Advisors LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,047 shares of the software maker’s stock after buying an additional 101 shares during the period. Opal Wealth Advisors LLC’s holdings in Workday were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Burns Matteson Capital Management LLC acquired a new stake in Workday during the 4th quarter valued at $369,000. 17 Capital Partners LLC lifted its stake in shares of Workday by 2.4% during the 4th quarter. 17 Capital Partners LLC now owns 2,534 shares of the software maker’s stock worth $654,000 after buying an additional 60 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in shares of Workday by 13.5% during the 4th quarter. Quotient Wealth Partners LLC now owns 983 shares of the software maker’s stock worth $254,000 after buying an additional 117 shares during the period. Empowered Funds LLC raised its holdings in Workday by 35.2% in the 4th quarter. Empowered Funds LLC now owns 9,936 shares of the software maker’s stock valued at $2,564,000 after acquiring an additional 2,587 shares during the period. Finally, Moloney Securities Asset Management LLC lifted its position in Workday by 51.6% during the fourth quarter. Moloney Securities Asset Management LLC now owns 1,905 shares of the software maker’s stock worth $492,000 after acquiring an additional 648 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction 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. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 70,090 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares in the company, valued at $26,215,826.41. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital dropped their target price on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and raised their price target for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.43.

Workday Stock Down 2.1 %

Shares of NASDAQ:WDAY opened at $271.89 on Monday. The firm has a market cap of $72.32 billion, a P/E ratio of 45.09, a P/E/G ratio of 3.78 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The business has a fifty day simple moving average of $262.08 and a 200 day simple moving average of $250.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data 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 company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.