ORG Wealth Partners LLC Has $1.33 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

ORG Wealth Partners LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 252.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,650 shares of the software maker's stock after acquiring an additional 4,045 shares during the quarter. ORG Wealth Partners LLC's holdings in Workday were worth $1,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. Simplicity Wealth LLC increased its position 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 purchasing an additional 37 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in 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 buying an additional 43 shares during the last quarter. Salvus Wealth Management LLC raised its position in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after acquiring an additional 45 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in Workday by 3.2% in the fourth 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 and hedge funds own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Scotiabank lowered their price target on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, May 21st. Oppenheimer decreased their target price on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, Piper Sandler restated a "neutral" rating and issued a $255.00 price target (up previously from $230.00) on shares of Workday in a research note on Friday, May 23rd. Nine research 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 71,240 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $244.31, for a total value of $17,404,644.40. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $25,163,197.07. This represents a 40.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 251,906 shares of company stock worth $59,549,619 over the last three months. Insiders own 19.31% of the company's stock.

Workday Price Performance

WDAY traded down $5.82 on Thursday, hitting $236.88. 2,472,026 shares of the stock were exchanged, compared to its average volume of 2,463,320. The firm has a market capitalization of $63.25 billion, a price-to-earnings ratio of 130.87, a PEG ratio of 3.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The business has a 50-day moving average of $246.54 and a two-hundred day moving average of $252.26.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.