Avion Wealth Has $27,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Avion Wealth boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 452.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105 shares of the software maker’s stock after buying an additional 86 shares during the quarter. Avion Wealth’s holdings in Workday were worth $27,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Two Sigma Advisers LP boosted its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares during the last quarter. KBC Group NV raised its stake in Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after buying an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Workday during the third quarter valued at $78,003,000. Finally, Lindbrook Capital LLC grew its holdings in Workday by 17,001.6% during the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after acquiring an additional 284,266 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the 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 directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was 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 directly owns 35,408 shares of the company’s stock, 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. Insiders sold 438,819 shares of company stock worth $113,142,592 in the last quarter. 20.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WDAY shares. Piper Sandler reissued a “neutral” rating and issued a $270.00 price objective (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Morgan Stanley boosted their price target on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Bank of America reduced their price objective on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Mizuho boosted their target price on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, JMP Securities reissued a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.43.

Workday Stock Down 1.9 %

Workday stock opened at $257.92 on Thursday. 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 $68.61 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm’s 50-day simple moving average is $262.57 and its 200 day simple moving average is $251.13.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share 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 the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. Research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday 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.