Point72 Hong Kong Ltd Acquires 683 Shares of Workday, Inc. (NASDAQ:WDAY)

Point72 Hong Kong Ltd boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 20.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,997 shares of the software maker’s stock after purchasing an additional 683 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Workday were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the third quarter valued at approximately $26,000. SouthState Corp raised its holdings in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares in the last quarter. Crewe Advisors LLC raised its holdings in Workday by 56.6% in the 2nd quarter. Crewe Advisors LLC now owns 155 shares of the software maker’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Workday during the 2nd quarter valued at $35,000. Finally, Meeder Asset Management Inc. grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 1.3 %

NASDAQ WDAY opened at $249.99 on Monday. The firm has a market capitalization of $66.25 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 4.96 and a beta of 1.35. The business’s 50-day moving average price is $248.77 and its two-hundred day moving average price is $237.30. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts expect that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank initiated coverage on shares of Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a report on Friday, September 13th. Stifel Nicolaus increased their price target on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Morgan Stanley boosted their price objective on shares of Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Loop Capital reduced their target price on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $288.14.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares of the company’s stock, valued at $20,228,745.10. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 359,954 shares of company stock valued at $88,742,132 over the last quarter. 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.