Kingsview Wealth Management LLC Acquires 43 Shares of Workday, Inc. (NASDAQ:WDAY)

Kingsview Wealth Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,085 shares of the software maker’s stock after purchasing an additional 43 shares during the period. Kingsview Wealth Management LLC’s holdings in Workday were worth $1,243,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC raised its stake in Workday by 75.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 19,947 shares of the software maker’s stock valued at $5,441,000 after buying an additional 8,559 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Workday by 27.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,417 shares of the software maker’s stock valued at $659,000 after acquiring an additional 525 shares in the last quarter. Comerica Bank raised its position in shares of Workday by 13.2% in the 1st quarter. Comerica Bank now owns 42,664 shares of the software maker’s stock worth $11,637,000 after purchasing an additional 4,977 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in Workday by 6.7% in the 1st quarter. iA Global Asset Management Inc. now owns 32,180 shares of the software maker’s stock worth $8,777,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in Workday by 2,119.4% during the 1st quarter. Plato Investment Management Ltd now owns 3,085 shares of the software maker’s stock valued at $841,000 after purchasing an additional 2,946 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on WDAY shares. Morgan Stanley decreased their target price on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. Evercore ISI cut their target price on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Bank of America boosted their price target on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays increased their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $289.46.

Workday Trading Up 0.9 %

Shares of Workday stock opened at $270.19 on Wednesday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $71.60 billion, a P/E ratio of 47.07, a P/E/G ratio of 5.31 and a beta of 1.35. The company has a fifty day moving average of $248.52 and a 200 day moving average of $237.21.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, sell-side analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the sale, the director now directly owns 90,000 shares of the company’s stock, valued at $22,990,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This trade represents a 16.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 359,954 shares of company stock worth $88,742,132 in the last three months. 20.00% of the stock is owned by company insiders.

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.