Warren Street Wealth Advisors LLC Invests $252,000 in Workday, Inc. (NASDAQ:WDAY)

Warren Street Wealth Advisors LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, Holdings Channel reports. The fund acquired 977 shares of the software maker’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Workday in the third quarter worth $26,000. Crews Bank & Trust purchased a new position in Workday in the 4th quarter worth about $26,000. Avion Wealth lifted its stake in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the last quarter. Finally, New Millennium Group LLC grew its stake in shares of Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after acquiring an additional 94 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on WDAY shares. Mizuho increased their price objective on shares of Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Thursday, February 6th. Loop Capital dropped their target price on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on shares of Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $292.43.

Workday Trading Down 1.9 %

WDAY stock opened at $257.92 on Thursday. The firm has a fifty day moving average price of $262.57 and a 200 day moving average price of $251.13. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm has a market cap of $68.61 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % 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, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares in the company, valued at approximately $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is currently owned by company insiders.

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.