Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Cwm LLC

Cwm LLC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 48.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,467 shares of the software maker’s stock after acquiring an additional 1,776 shares during the quarter. Cwm LLC’s holdings in Workday were worth $1,509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. ORG Partners LLC grew its position in Workday by 1.2% during the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after purchasing an additional 34 shares during the last quarter. Washington Trust Advisors Inc. grew its position in Workday by 8.1% during the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares during the last quarter. Meitav Investment House Ltd. grew its position in Workday by 2.6% during the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after purchasing an additional 36 shares during the last quarter. Cigna Investments Inc. New grew its position in Workday by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock worth $598,000 after purchasing an additional 37 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its position in Workday by 0.9% during the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock worth $1,294,000 after purchasing an additional 40 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder David A. Duffield sold 65,221 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $27,633,065.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 over the last 90 days. Insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on WDAY shares. Citigroup raised their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Stifel Nicolaus lifted their target price on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Morgan Stanley lowered their target price on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. Evercore ISI lifted their target price on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $330.00 target price on shares of Workday in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Performance

Shares of WDAY opened at $251.04 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a market cap of $66.27 billion, a P/E ratio of 48.75, a PEG ratio of 6.35 and a beta of 1.32. The company has a 50-day moving average of $273.49 and a two-hundred day moving average of $263.77. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.14) earnings per share. As a group, research analysts predict that Workday, Inc. will post 1.76 EPS 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.