GAMMA Investing LLC Has $153.79 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

GAMMA Investing LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 53,267.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658,555 shares of the software maker's stock after acquiring an additional 657,321 shares during the period. GAMMA Investing LLC owned about 0.25% of Workday worth $153,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Simplicity Wealth LLC grew its position in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after purchasing an additional 37 shares during the period. Custom Index Systems LLC lifted its stake in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after buying an additional 41 shares in the last quarter. AllSquare Wealth Management LLC increased its position in shares of Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after acquiring an additional 41 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after acquiring an additional 43 shares during the period. Finally, Ashton Thomas Securities LLC raised its stake 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 purchasing an additional 46 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDAY. Redburn Atlantic assumed coverage on shares of Workday in a research note on Wednesday, February 19th. They set a "neutral" rating for the company. BMO Capital Markets lifted their price target on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Piper Sandler restated a "neutral" rating and issued a $255.00 price objective (up previously from $230.00) on shares of Workday in a report on Friday, May 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Workday in a research report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 15,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the transaction, the insider now owns 45,000 shares in the company, valued at approximately $10,942,650. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,338 shares of company stock worth $59,875,701 in the last 90 days. Company insiders own 19.31% of the company's stock.

Workday Stock Performance

Shares of NASDAQ:WDAY traded down $0.40 during trading on Wednesday, reaching $250.72. 783,256 shares of the stock were exchanged, compared to its average volume of 2,484,758. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock has a 50-day moving average price of $241.67 and a 200-day moving average price of $253.17. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $66.69 billion, a PE ratio of 41.58, a PEG ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 6.13% and a net margin of 19.86%. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $1.74 EPS. Research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal 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.