Tranquility Partners LLC Buys Shares of 872 Workday, Inc. (NASDAQ:WDAY)

Tranquility Partners LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 872 shares of the software maker’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in Workday in the 1st quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Workday in the third quarter valued at approximately $26,000. SouthState Corp grew its stake in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares in the last quarter. Pacific Center for Financial Services increased its holdings in Workday by 57.0% during the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after purchasing an additional 57 shares during the period. Finally, Goodman Advisory Group LLC bought a new stake in Workday during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ WDAY opened at $259.90 on Wednesday. The company has a market cap of $68.87 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 5.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $246.94 and its 200 day moving average price is $236.57. 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 data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. As a group, equities research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WDAY shares. Deutsche Bank Aktiengesellschaft raised their price target on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Barclays boosted 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. Citigroup lowered their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Scotiabank assumed coverage on Workday in a report on Monday. They set a “sector outperform” rating and a $340.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $289.46.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the transaction, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 370,575 shares of company stock worth $91,506,897. Company insiders own 20.00% 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.