Workday, Inc. (NASDAQ:WDAY) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,605 shares of the software maker’s stock after acquiring an additional 135 shares during the quarter. ORG Wealth Partners LLC’s holdings in Workday were worth $414,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Workday in the third quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the period. True Wealth Design LLC boosted its position in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares in the last quarter. New Millennium Group LLC grew its stake in shares of Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the period. Finally, Goodman Advisory Group LLC purchased a new position in shares of Workday in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on WDAY. Piper Sandler reiterated a “neutral” rating and set a $270.00 price target (down from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Scotiabank initiated coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Monday, November 25th. Finally, Royal Bank of Canada increased their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.25.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the transaction, the insider now directly owns 284,000 shares of the company’s stock, valued at approximately $78,188,040. This trade represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 368,257 shares of company stock valued at $94,938,455 in the last quarter. Insiders own 20.00% of the company’s stock.

Workday Stock Down 1.2 %

Shares of NASDAQ:WDAY traded down $2.96 during midday trading on Friday, reaching $251.73. The company had a trading volume of 711,195 shares, compared to its average volume of 1,756,404. The stock has a market capitalization of $66.96 billion, a P/E ratio of 41.75, a PEG ratio of 5.04 and a beta of 1.34. The stock’s fifty day moving average price is $262.35 and its 200-day moving average price is $245.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. Equities research analysts expect that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

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.