Define Financial LLC Takes Position in Workday, Inc. (NASDAQ:WDAY)

Define Financial LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 783 shares of the software maker’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of WDAY. Capital Performance Advisors LLP acquired a new position in shares of Workday during the 3rd quarter worth $26,000. Goodman Advisory Group LLC acquired a new position in shares of Workday during the 2nd quarter worth $35,000. Meeder Asset Management Inc. boosted its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. New Millennium Group LLC boosted its position in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after buying an additional 94 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the transaction, the insider now owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 382,347 shares of company stock valued at $99,225,903 over the last quarter. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock opened at $246.03 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $65.44 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 5.04 and a beta of 1.34. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company’s 50-day simple moving average is $262.75 and its 200-day simple moving average is $246.44.

Workday (NASDAQ:WDAYGet Free Report) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $0.47 EPS. Workday’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on WDAY shares. Oppenheimer reiterated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Piper Sandler reissued a “neutral” rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

Check Out Our Latest Analysis on WDAY

Workday Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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