Moloney Securities Asset Management LLC Grows Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Moloney Securities Asset Management LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 51.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,905 shares of the software maker’s stock after purchasing an additional 648 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Workday were worth $492,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares in the last quarter. State Street Corp grew its stake in Workday by 1.4% during the third quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock valued at $1,183,611,000 after acquiring an additional 67,380 shares in the last quarter. Geode Capital Management LLC increased its holdings in Workday by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker’s stock valued at $698,285,000 after acquiring an additional 76,618 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Workday by 0.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker’s stock worth $566,094,000 after purchasing an additional 14,159 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Workday by 4.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock valued at $482,133,000 after purchasing an additional 75,747 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of several research reports. Wells Fargo & Company lifted their target price on Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Morgan Stanley lifted their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Oppenheimer reiterated an “outperform” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, December 3rd. Piper Sandler restated a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Finally, Citigroup decreased their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $292.43.

Workday Trading Down 0.7 %

NASDAQ WDAY opened at $269.88 on Tuesday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company’s 50-day moving average price is $262.08 and its 200-day moving average price is $250.59. The stock has a market cap of $71.79 billion, a PE ratio of 44.76, a PEG ratio of 3.78 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued 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 net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 70,003 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last ninety days. 20.00% of the stock is 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.