Inspirion Wealth Advisors LLC Purchases 3,045 Shares of Workday, Inc. $WDAY

Inspirion Wealth Advisors LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 36,258 shares of the software maker’s stock after acquiring an additional 3,045 shares during the period. Workday comprises 1.3% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 15th largest holding. Inspirion Wealth Advisors LLC’s holdings in Workday were worth $8,862,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Workday in the second quarter valued at about $442,702,000. T. Rowe Price Investment Management Inc. boosted its holdings in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares during the period. Generation Investment Management LLP raised its holdings in Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after purchasing an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in shares of Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after purchasing an additional 548,694 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $214.90 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $228.55 and a two-hundred day simple moving average of $232.48. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $283.68. The firm has a market capitalization of $56.52 billion, a PE ratio of 90.29, a price-to-earnings-growth ratio of 2.55 and a beta of 1.15.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the transaction, the chief executive officer owned 20,222 shares of the company’s stock, valued at $4,803,129.44. The trade was a 23.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the sale, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. This trade represents a 18.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 252,234 shares of company stock worth $57,990,796. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Workday from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Evercore ISI lifted their price objective on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Royal Bank Of Canada cut their target price on Workday from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Macquarie reiterated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $282.13.

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.