Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 80.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754 shares of the software maker’s stock after acquiring an additional 335 shares during the quarter. Larson Financial Group LLC’s holdings in Workday were worth $184,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its stake in Workday by 27.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,417 shares of the software maker’s stock worth $659,000 after buying an additional 525 shares during the period. Comerica Bank lifted its stake in shares of Workday by 13.2% in the first quarter. Comerica Bank now owns 42,664 shares of the software maker’s stock worth $11,637,000 after acquiring an additional 4,977 shares in the last quarter. Plato Investment Management Ltd boosted its holdings in Workday by 2,119.4% in the first quarter. Plato Investment Management Ltd now owns 3,085 shares of the software maker’s stock valued at $841,000 after purchasing an additional 2,946 shares during the last quarter. Swedbank AB acquired a new stake in Workday during the 1st quarter valued at approximately $21,906,000. Finally, Atria Investments Inc increased its holdings in Workday by 1.2% during the 1st quarter. Atria Investments Inc now owns 38,296 shares of the software maker’s stock worth $10,445,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 6.2 %

Workday stock opened at $253.40 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The stock has a market capitalization of $67.15 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 5.31 and a beta of 1.35. The firm has a 50 day simple moving average of $248.62 and a 200-day simple moving average of $237.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. As a group, equities research analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the sale, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 359,954 shares of company stock valued at $88,742,132 over the last three months. Company insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Scotiabank assumed coverage on Workday in a research note on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price for the company. Bank of America decreased their price objective on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Loop Capital cut their target price on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research note on Wednesday. Citigroup reduced their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Finally, BMO Capital Markets restated an “outperform” rating and set a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.14.

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.