Ironwood Investment Counsel LLC Has $4.54 Million Stock Holdings in Workday, Inc. $WDAY

Ironwood Investment Counsel LLC increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 19.6% during the 1st quarter, Holdings Channel reports. The fund owned 34,948 shares of the software maker’s stock after buying an additional 5,726 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Workday were worth $4,540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WDAY. Brighton Jones LLC boosted its position in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares in the last quarter. Empowered Funds LLC increased its position in shares of Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after buying an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Workday during the 2nd quarter worth $281,000. Finally, NewEdge Advisors LLC raised its stake in Workday by 32.0% during the 2nd quarter. NewEdge Advisors LLC now owns 6,597 shares of the software maker’s stock worth $1,583,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction that occurred on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total transaction of $862,200.00. Following the completion of the sale, the chief financial officer owned 288,460 shares in the company, valued at $41,451,702. This trade represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 875,020 shares of company stock worth $113,938,503 in the last 90 days. Company insiders own 18.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WDAY shares. William Blair raised Workday to a “strong-buy” rating in a research note on Friday, May 22nd. The Goldman Sachs Group dropped their price target on Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Citigroup reiterated a “market perform” rating on shares of Workday in a report on Friday, May 22nd. Piper Sandler boosted their price objective on Workday from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $216.00 target price on shares of Workday in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

Workday Stock Performance

WDAY opened at $144.78 on Monday. The business’s 50-day moving average price is $131.46 and its two-hundred day moving average price is $144.02. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $249.85. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 earnings per share. Equities analysts expect that Workday, Inc. will post 5.34 EPS for the current fiscal year.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.