Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT increased its position in Workday, Inc. (NASDAQ:WDAY) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,430 shares of the software maker’s stock after acquiring an additional 91 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Workday were worth $1,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Wellington Management Group LLP lifted its stake in Workday by 37.4% in the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after buying an additional 1,406,153 shares in the last quarter. Winslow Capital Management LLC lifted its stake in Workday by 76.4% in the 3rd quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker’s stock valued at $496,436,000 after buying an additional 1,000,922 shares in the last quarter. Morgan Stanley lifted its stake in Workday by 47.0% in the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after buying an additional 872,288 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in Workday in the 3rd quarter valued at approximately $107,425,000. Finally, Invesco Ltd. lifted its stake in Workday by 22.1% in the 3rd quarter. Invesco Ltd. now owns 1,802,209 shares of the software maker’s stock valued at $387,205,000 after buying an additional 326,283 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WDAY shares. Barclays reduced their price target on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and set a $330.00 price target on shares of Workday in a research note on Monday, February 26th. Citigroup increased their price target on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. StockNews.com lowered Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Mizuho increased their price target on Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Down 1.2 %

Shares of Workday stock traded down $3.02 during trading hours on Friday, hitting $251.04. 2,549,113 shares of the company’s stock traded hands, compared to its average volume of 1,310,809. The stock has a 50 day simple moving average of $273.49 and a 200-day simple moving average of $263.77. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market cap of $66.27 billion, a PE ratio of 48.75, a PEG ratio of 6.35 and a beta of 1.32. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, insider Douglas A. Robinson sold 411 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the transaction, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the transaction, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 435,691 shares of company stock valued at $117,731,569. Insiders own 21.09% of the company’s stock.

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.