NBC Securities Inc. Has $1.65 Million Stake in Workday, Inc. (NASDAQ:WDAY)

NBC Securities Inc. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 101,114.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,085 shares of the software maker's stock after acquiring an additional 7,078 shares during the period. NBC Securities Inc.'s holdings in Workday were worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Roxbury Financial LLC purchased a new stake in Workday in the 4th quarter valued at approximately $25,000. Avion Wealth raised its holdings in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new stake in shares of Workday in the fourth quarter valued at $35,000. Rakuten Securities Inc. boosted its stake in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after acquiring an additional 66 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of Workday by 169.6% during the first quarter. Rothschild Investment LLC now owns 213 shares of the software maker's stock valued at $50,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WDAY shares. Redburn Atlantic assumed coverage on shares of Workday in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. Westpark Capital raised their price objective on Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group upped their target price on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Oppenheimer decreased their price target on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Finally, Mizuho lowered their price target on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $293.54.

Workday Stock Performance

Shares of Workday stock traded down $1.64 on Wednesday, hitting $249.48. The stock had a trading volume of 1,262,232 shares, compared to its average volume of 2,486,451. The stock has a market cap of $66.36 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. 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 twelve month low of $199.81 and a twelve month high of $294.00. The business's 50 day moving average is $241.67 and its two-hundred day moving average is $253.17.

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 (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the completion of the sale, the director now owns 75,000 shares in the company, valued at $18,099,750. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction 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 approximately $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 252,338 shares of company stock valued at $59,875,701. 19.31% of the stock is owned by company insiders.

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.