Ellevest Inc. grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY – Get Rating) by 171.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,104 shares of the software maker's stock after purchasing an additional 698 shares during the period. Ellevest Inc.'s holdings in Workday were worth $154,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WDAY. American International Group Inc. lifted its holdings in shares of Workday by 3.9% during the 4th quarter. American International Group Inc. now owns 12,433 shares of the software maker's stock valued at $3,396,000 after purchasing an additional 469 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Workday by 11.9% during the 4th quarter. LPL Financial LLC now owns 51,705 shares of the software maker's stock valued at $14,139,000 after purchasing an additional 5,506 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Workday during the 4th quarter valued at $467,000. Wetherby Asset Management Inc. increased its position in shares of Workday by 0.3% in the 4th quarter. Wetherby Asset Management Inc. now owns 16,284 shares of the software maker's stock valued at $4,449,000 after acquiring an additional 49 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Workday in the 4th quarter valued at $1,522,000. Hedge funds and other institutional investors own 68.16% of the company's stock.
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Insiders Place Their Bets
In other news, CEO Gomez Luciano Fernandez sold 2,046 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $158.32, for a total transaction of $323,922.72. Following the completion of the sale, the chief executive officer now owns 257,656 shares in the company, valued at approximately $40,792,097.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 102,500 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $156.24, for a total transaction of $16,014,600.00. Following the completion of the sale, the insider now owns 102,500 shares in the company, valued at approximately $16,014,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gomez Luciano Fernandez sold 2,046 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $158.32, for a total transaction of $323,922.72. Following the sale, the chief executive officer now owns 257,656 shares of the company's stock, valued at approximately $40,792,097.92. The disclosure for this sale can be found here. Insiders have sold 119,789 shares of company stock valued at $18,453,908 in the last ninety days. 21.74% of the stock is currently owned by corporate insiders.
Workday Stock Up 5.1 %
WDAY opened at $156.85 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. The company's 50 day simple moving average is $162.83 and its two-hundred day simple moving average is $152.74. Workday, Inc. has a 1-year low of $134.10 and a 1-year high of $307.81.
Workday (NASDAQ:WDAY – Get Rating) last released its earnings results on Thursday, August 25th. The software maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.03. Workday had a negative net margin of 3.46% and a negative return on equity of 2.34%. During the same period last year, the business posted $0.49 EPS. Research analysts anticipate that Workday, Inc. will post -0.6 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. BMO Capital Markets cut their target price on Workday from $239.00 to $217.00 and set an "outperform" rating on the stock in a research report on Friday, August 26th. Credit Suisse Group cut their target price on Workday from $230.00 to $215.00 and set a "neutral" rating on the stock in a research report on Friday, August 26th. Monness Crespi & Hardt assumed coverage on Workday in a research report on Wednesday, September 14th. They issued a "buy" rating and a $200.00 target price on the stock. Mizuho upped their target price on Workday from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, August 26th. Finally, Piper Sandler increased their price target on Workday from $175.00 to $211.00 and gave the stock an "overweight" rating in a research report on Friday, August 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $240.40.
About Workday
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Workday, Inc provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.
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