Stratos Wealth Partners LTD. Acquires 529 Shares of Workday, Inc. (NASDAQ:WDAY)

Stratos Wealth Partners LTD. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,407 shares of the software maker’s stock after buying an additional 529 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Workday were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WDAY. Marcum Wealth LLC raised its stake in shares of Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after buying an additional 41 shares during the period. Custom Index Systems LLC increased its holdings in Workday by 3.0% in the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares in the last quarter. Meeder Asset Management Inc. raised its stake in 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 acquiring an additional 43 shares during the period. Kingsview Wealth Management LLC raised its stake in Workday by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after acquiring an additional 43 shares during the period. Finally, Opal Wealth Advisors LLC lifted its holdings in Workday by 5.2% during the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after purchasing an additional 47 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 1.9 %

Shares of WDAY opened at $257.92 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $262.57 and a 200 day moving average of $251.13. The company has a market cap of $68.61 billion, a PE ratio of 42.77, a P/E/G ratio of 3.78 and a beta of 1.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate 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 net margin of 19.86% and a return on equity of 6.13%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. On average, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WDAY shares. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Mizuho raised their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada boosted their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Scotiabank started coverage on Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.43.

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares in the company, valued at $30,369,458. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 over the last 90 days. 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.