West Family Investments Inc. Invests $208,000 in Workday, Inc. (NASDAQ:WDAY)

West Family Investments Inc. bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, HoldingsChannel reports. The fund bought 754 shares of the software maker’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WDAY. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Workday by 1.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,382 shares of the software maker’s stock worth $3,949,000 after purchasing an additional 224 shares during the last quarter. Raymond James & Associates grew its holdings in Workday by 5.5% in the third quarter. Raymond James & Associates now owns 507,105 shares of the software maker’s stock valued at $108,951,000 after purchasing an additional 26,584 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Workday by 11.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,874 shares of the software maker’s stock valued at $2,121,000 after acquiring an additional 1,018 shares during the period. Simon Quick Advisors LLC purchased a new stake in Workday during the 3rd quarter valued at about $209,000. Finally, Stratos Wealth Partners LTD. raised its holdings in Workday by 5.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,292 shares of the software maker’s stock valued at $278,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock traded up $4.93 during trading hours on Friday, reaching $255.78. The stock had a trading volume of 3,070,009 shares, compared to its average volume of 1,829,353. The firm has a 50-day simple moving average of $269.08 and a 200-day simple moving average of $264.57. The firm has a market capitalization of $67.53 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 6.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28.

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

Analyst Ratings Changes

WDAY has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $330.00 price target on shares of Workday in a report on Monday, February 26th. Evercore ISI boosted their price target on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Citigroup lifted their target price on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $300.00 price target on shares of Workday in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock worth $117,731,569 in the last ninety days. Corporate insiders own 21.09% 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.