Wealthcare Advisory Partners LLC Increases Stock Position in Workday, Inc. (NASDAQ:WDAY)

Wealthcare Advisory Partners LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 140.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,426 shares of the software maker’s stock after purchasing an additional 1,418 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Workday were worth $670,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in shares of Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares during the period. VisionPoint Advisory Group LLC grew its stake in Workday by 215.4% in the third 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 position in Workday in the third quarter valued at about $29,000. Exchange Traded Concepts LLC lifted its position in shares of Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after buying an additional 105 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Workday in the 4th quarter valued at about $33,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Up 0.1 %

WDAY opened at $249.63 on Thursday. The company has a fifty day moving average of $266.02 and a two-hundred day moving average of $266.06. The stock has a market capitalization of $65.90 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 6.39 and a beta of 1.33. Workday, Inc. has a fifty-two week low of $174.70 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

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

Analyst Ratings Changes

A number of research firms recently commented on WDAY. Morgan Stanley decreased their target price on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. KeyCorp raised their price objective on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. TheStreet raised Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. Stifel Nicolaus raised their price target on Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Piper Sandler restated an “overweight” rating and set a $330.00 price objective on shares of Workday in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, six have issued 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 a consensus price target of $293.61.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Workday news, insider Douglas A. Robinson sold 411 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the sale, the insider now directly owns 843,000 shares in the company, valued at $223,302,270. 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 in the last three months. 21.09% of the stock is currently owned by company insiders.

About Workday

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.