Manchester Capital Management LLC Acquires 52 Shares of Workday, Inc. (NASDAQ:WDAY)

Manchester Capital Management LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 35.6% during the fourth quarter, Holdings Channel reports. The firm owned 198 shares of the software maker’s stock after purchasing an additional 52 shares during the period. Manchester Capital Management LLC’s holdings in Workday were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. Capital Performance Advisors LLP bought a new position in shares of Workday during the 3rd quarter valued at $26,000. Crews Bank & Trust acquired a new position in Workday in the 4th quarter valued at $26,000. Avion Wealth grew its stake in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the last quarter. Finally, New Millennium Group LLC grew its stake in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after buying an additional 94 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 in the last ninety days. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler reiterated a “neutral” rating and issued a $270.00 target price (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Citigroup lowered their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays decreased their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $292.43.

Workday Trading Down 0.8 %

Shares of WDAY stock opened at $258.05 on Friday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a market capitalization of $68.64 billion, a P/E ratio of 42.79, a P/E/G ratio of 3.78 and a beta of 1.35. The firm has a 50-day moving average price of $262.13 and a 200 day moving average price of $251.46. 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 announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share 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.