Workday, Inc. (NASDAQ:WDAY) Stock Position Lifted by 17 Capital Partners LLC

17 Capital Partners LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 27.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,474 shares of the software maker’s stock after buying 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.

A number of other institutional investors also recently modified their holdings of WDAY. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Workday by 100.7% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,912 shares of the software maker’s stock valued at $712,000 after buying an additional 1,461 shares during the last quarter. Atria Investments Inc raised its position in Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock valued at $10,833,000 after acquiring an additional 7,175 shares in the last quarter. Lindbrook Capital LLC raised its position in Workday by 17,001.6% during the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock valued at $703,000 after acquiring an additional 284,266 shares in the last quarter. Assetmark Inc. lifted its stake in Workday by 0.3% in the third quarter. Assetmark Inc. now owns 32,468 shares of the software maker’s stock valued at $7,936,000 after acquiring an additional 109 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Workday by 8.6% in the third quarter. Verdence Capital Advisors LLC now owns 7,666 shares of the software maker’s stock worth $1,874,000 after acquiring an additional 610 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the transaction, the insider now directly owns 196,344 shares in the company, valued at $51,106,379.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares in the company, valued at $68,004,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the topic of a number of recent research reports. Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 price target on shares of Workday in a research report on Wednesday, September 18th. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, September 18th. Needham & Company LLC reduced their target price on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Stifel Nicolaus increased their price target on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.04.

Workday Stock Performance

WDAY opened at $256.54 on Friday. The stock’s 50 day simple moving average is $245.75 and its 200-day simple moving average is $236.07. 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 stock has a market cap of $67.98 billion, a PE ratio of 44.69, a P/E/G ratio of 5.09 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion for 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 revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.4 EPS for the current 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.