Workday, Inc. (NASDAQ:WDAY) Shares Purchased by 17 Capital Partners LLC

17 Capital Partners LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 27.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,474 shares of the software maker’s stock after acquiring an additional 534 shares during the quarter. 17 Capital Partners LLC’s holdings in Workday were worth $605,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WDAY. Dorsey & Whitney Trust CO LLC lifted its stake in Workday by 4.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after purchasing an additional 43 shares during the last quarter. Diversified Trust Co lifted its position in shares of Workday by 1.0% in the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after buying an additional 47 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after buying an additional 47 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of Workday by 3.4% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the last quarter. Finally, Aspen Investment Management Inc raised its stake in Workday by 3.1% during the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock worth $369,000 after acquiring an additional 50 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Barclays upped their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America increased their target price on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. The Goldman Sachs Group boosted their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 price objective on shares of Workday in a report on Wednesday, September 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 in the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $256.54 on Friday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $245.75 and a 200-day moving average of $236.07. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 5.09 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. Analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

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.