Integrated Advisors Network LLC Grows Position in Workday, Inc. (NASDAQ:WDAY)

Integrated Advisors Network LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 88.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,276 shares of the software maker's stock after acquiring an additional 1,538 shares during the quarter. Integrated Advisors Network LLC's holdings in Workday were worth $765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after buying an additional 2,792 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Workday in the fourth quarter worth approximately $8,984,000. Empowered Funds LLC boosted its holdings in shares of Workday by 35.2% in the fourth quarter. Empowered Funds LLC now owns 9,936 shares of the software maker's stock worth $2,564,000 after buying an additional 2,587 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Workday by 3.0% in the fourth quarter. Focus Financial Network Inc. now owns 1,706 shares of the software maker's stock worth $440,000 after buying an additional 50 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Workday by 34.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 217,149 shares of the software maker's stock worth $54,687,000 after buying an additional 56,230 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

Workday stock traded down $6.15 during mid-day trading on Friday, reaching $244.54. 2,199,157 shares of the company's stock traded hands, compared to its average volume of 2,462,169. The company has a market cap of $65.29 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 3.55 and a beta of 1.24. The stock has a 50 day moving average of $245.50 and a two-hundred day moving average of $252.47. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data 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. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on WDAY shares. Piper Sandler reiterated a "neutral" rating and issued a $255.00 price target (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Stifel Nicolaus cut their price target on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. UBS Group increased their price target on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of Workday in a research note on Friday, May 23rd. Finally, Oppenheimer cut their price target on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Workday presently has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the transaction, the insider now owns 102,997 shares in the company, valued at $25,776,029.22. The trade was a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director now owns 67,500 shares in the company, valued at $16,767,675. This trade represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 237,338 shares of company stock worth $56,281,251 over the last quarter. 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.