821 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, HoldingsChannel.com reports. The fund bought 821 shares of the software maker’s stock, valued at approximately $227,000.

Several other hedge funds also recently modified their holdings of WDAY. Beacon Capital Management LLC grew its holdings in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after purchasing an additional 70 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Clear Street Markets LLC purchased a new stake in shares of Workday during the 3rd quarter valued at $29,000. Exchange Traded Concepts LLC increased its holdings in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of Workday in the 4th quarter worth $33,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction 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 transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $272.02, for a total transaction of $15,505,140.00. Following the transaction, the insider now directly owns 1,067,000 shares of the company’s stock, valued at $290,245,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was 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 directly owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,691 shares of company stock valued at $117,731,569. Insiders own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $330.00 price target on shares of Workday in a research report on Monday, February 26th. StockNews.com downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Tuesday, February 27th. UBS Group decreased their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Evercore ISI raised their target price on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Down 1.2 %

Shares of NASDAQ:WDAY opened at $251.04 on Monday. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company’s fifty day moving average is $273.49 and its two-hundred day moving average is $264.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $66.27 billion, a price-to-earnings ratio of 48.75, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) earnings per share. Equities analysts anticipate that Workday, Inc. will post 1.76 EPS for the current year.

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.