TD Private Client Wealth LLC Boosts Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

TD Private Client Wealth LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,909 shares of the software maker’s stock after buying an additional 356 shares during the period. TD Private Client Wealth LLC’s holdings in Workday were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Virtue Capital Management LLC lifted its stake in shares of Workday by 14.0% in the 3rd quarter. Virtue Capital Management LLC now owns 2,463 shares of the software maker’s stock valued at $602,000 after purchasing an additional 303 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Workday by 33.1% during the 3rd quarter. Toronto Dominion Bank now owns 30,390 shares of the software maker’s stock valued at $7,428,000 after acquiring an additional 7,562 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Workday during the 3rd quarter worth $1,690,000. Coldstream Capital Management Inc. boosted its position in Workday by 10.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,391 shares of the software maker’s stock worth $597,000 after purchasing an additional 228 shares during the period. Finally, Geode Capital Management LLC raised its position in Workday by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker’s stock valued at $698,285,000 after purchasing an additional 76,618 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 70,003 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total value of $17,584,753.60. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 361,463 shares of company stock valued at $88,422,088 in the last quarter. Company insiders own 20.00% of the company’s stock.

Workday Stock Down 0.4 %

NASDAQ:WDAY opened at $273.67 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $253.74 and a 200-day moving average of $238.74. The firm has a market capitalization of $72.52 billion, a PE ratio of 45.38, a price-to-earnings-growth ratio of 5.02 and a beta of 1.34. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts predict that Workday, Inc. will post 2.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. 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 note on Friday, August 23rd. Scotiabank initiated coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.64.

Workday Company 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.