Allworth Financial LP Acquires 248 Shares of Workday, Inc. (NASDAQ:WDAY)

Allworth Financial LP grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 24.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,244 shares of the software maker’s stock after purchasing an additional 248 shares during the period. Allworth Financial LP’s holdings in Workday were worth $315,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WDAY. Two Sigma Advisers LP raised its stake in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares during the last quarter. KBC Group NV increased its position in shares of Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares during the period. Janus Henderson Group PLC increased its position in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Workday during the third quarter worth $78,003,000. Finally, Lindbrook Capital LLC increased its position in shares of Workday by 17,001.6% during the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after buying an additional 284,266 shares during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WDAY. Scotiabank began 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. Loop Capital increased their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Piper Sandler reiterated a “neutral” rating and set a $270.00 price objective (down from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Finally, Oppenheimer reiterated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

Workday Stock Down 2.0 %

WDAY opened at $256.39 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company’s 50-day moving average is $260.75 and its 200 day moving average is $252.87. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm has a market capitalization of $68.20 billion, a P/E ratio of 42.52, a PEG ratio of 3.56 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly 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. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the firm’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 transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,215,826.41. The trade was a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

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.