4,028 Shares in Workday, Inc. (NASDAQ:WDAY) Bought by Cache Advisors LLC

Cache Advisors LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,028 shares of the software maker's stock, valued at approximately $1,039,000.

Other large investors have also modified their holdings of the company. Simplicity Wealth LLC raised its stake in shares of Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after acquiring an additional 37 shares in the last quarter. Custom Index Systems LLC grew its position in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC grew its position in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after purchasing an additional 41 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after acquiring an additional 43 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its holdings in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Redburn Atlantic initiated coverage on shares of Workday in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Citigroup downgraded shares of Workday from a "neutral" rating to a "mixed" rating in a report on Friday, May 16th. Piper Sandler reaffirmed a "neutral" rating and issued a $255.00 price objective (up from $230.00) on shares of Workday in a report on Friday. Finally, Loop Capital dropped their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $1.29 during midday trading on Tuesday, hitting $239.30. The company's stock had a trading volume of 4,737,826 shares, compared to its average volume of 2,551,890. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a market cap of $63.65 billion, a P/E ratio of 39.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The business's 50 day simple moving average is $242.28 and its 200 day simple moving average is $254.06.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the business earned $1.74 earnings per share. On average, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 in the last 90 days. Corporate insiders own 19.31% of the company's stock.

About Workday

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.