Kintra Wealth LLC Takes Position in Workday, Inc. $WDAY

Kintra Wealth LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,073 shares of the software maker’s stock, valued at approximately $499,000.

Several other large investors also recently added to or reduced their stakes in WDAY. Brighton Jones LLC raised its position in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares during the period. Empowered Funds LLC boosted its position in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after acquiring an additional 1,206 shares during the period. Geneos Wealth Management Inc. grew its stake in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after acquiring an additional 127 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Workday during the 2nd quarter valued at about $281,000. Finally, NewEdge Advisors LLC grew 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 valued at $1,583,000 after acquiring an additional 1,600 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, insider Robert Enslin sold 5,374 shares of the company’s stock in a transaction that occurred on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares of the company’s stock, valued at $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the transaction, the chief financial officer owned 288,460 shares in the company, valued at approximately $41,451,702. This trade represents a 2.04% decrease in their position. 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. In the last quarter, insiders sold 754,981 shares of company stock worth $101,916,181. Insiders own 18.64% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $195.79 on Tuesday. The firm has a market cap of $47.19 billion, a PE ratio of 39.71, a PEG ratio of 1.98 and a beta of 1.08. The firm’s 50 day moving average price is $167.46 and its 200 day moving average price is $142.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $2.21 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that Workday, Inc. will post 5.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WDAY shares. KeyCorp increased their price target on shares of Workday from $158.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Oppenheimer lifted their target price on shares of Workday from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. TD Cowen lowered their price target on shares of Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Friday, August 28th. Guggenheim reaffirmed a “buy” rating and issued a $275.00 price target on shares of Workday in a research note on Friday, August 21st. Finally, Capital One Financial set a $219.00 price objective on Workday and gave the stock an “equal weight” rating in a report on Friday, August 28th. Twenty investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $206.34.

Workday Profile

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.