Qtron Investments LLC Has $835,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

Qtron Investments LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,237 shares of the software maker’s stock after buying an additional 577 shares during the period. Qtron Investments LLC’s holdings in Workday were worth $835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WDAY. Simplicity Wealth LLC raised its holdings in shares of Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after acquiring an additional 37 shares during the period. Marcum Wealth LLC grew its position in Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC raised its stake in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC lifted its holdings in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its position in shares of Workday by 3.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock worth $385,000 after buying an additional 46 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on WDAY. The Goldman Sachs Group upped their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. UBS Group increased their price target on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Monday, March 24th. Piper Sandler upped their price objective on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Loop Capital lifted their target price on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.18.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $226.51 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market cap of $60.25 billion, a P/E ratio of 37.56, a P/E/G ratio of 3.55 and a beta of 1.32. The business’s 50 day moving average is $248.47 and its two-hundred day moving average is $252.81. 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 earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. The trade was a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares of the company’s stock, valued at $2,544,814.67. This represents a 22.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 377,699 shares of company stock worth $91,780,220. 20.00% of the stock is currently owned by company insiders.

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.