Workday, Inc. (NASDAQ:WDAY) Stake Boosted by IFP Advisors Inc

IFP Advisors Inc increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 54.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,507 shares of the software maker’s stock after purchasing an additional 883 shares during the period. IFP Advisors Inc’s holdings in Workday were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC lifted its stake in Workday by 48.2% in the third quarter. Integrated Advisors Network LLC now owns 1,787 shares of the software maker’s stock valued at $437,000 after buying an additional 581 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Workday by 36.7% in the third quarter. First Trust Direct Indexing L.P. now owns 3,667 shares of the software maker’s stock valued at $896,000 after buying an additional 984 shares during the last quarter. US Bancorp DE lifted its stake in Workday by 1.0% in the third quarter. US Bancorp DE now owns 94,308 shares of the software maker’s stock valued at $23,050,000 after buying an additional 947 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in Workday by 18.7% in the third quarter. AustralianSuper Pty Ltd now owns 5,211 shares of the software maker’s stock valued at $1,274,000 after buying an additional 822 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Workday by 19.3% in the third quarter. Stephens Inc. AR now owns 9,441 shares of the software maker’s stock valued at $2,307,000 after buying an additional 1,528 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Up 1.1 %

Shares of WDAY opened at $263.34 on Friday. The business’s 50-day moving average price is $259.69 and its 200 day moving average price is $254.65. The stock has a market capitalization of $70.05 billion, a P/E ratio of 43.67, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $296.44. 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 quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 70,003 shares of Workday stock in a transaction dated 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 transaction, the insider now owns 102,997 shares of the company’s stock, valued at $25,872,846.40. The trade was a 40.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Harry Sauer sold 3,677 shares of Workday stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the transaction, the insider now directly owns 79,576 shares in the company, valued at approximately $20,045,194.40. This trade represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 433,321 shares of company stock valued at $111,763,803. 20.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WDAY shares. Stifel Nicolaus raised their target price on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday. Oppenheimer raised their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $302.14.

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.