Virtu Financial LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,337 shares of the software maker's stock, valued at approximately $1,480,000.
Other large investors have also made changes to their positions in the company. Invesco Ltd. grew its stake in Workday by 6.8% in the 1st quarter. Invesco Ltd. now owns 1,981,734 shares of the software maker's stock valued at $462,794,000 after acquiring an additional 125,956 shares during the last quarter. Berger Financial Group Inc purchased a new position in shares of Workday during the 1st quarter worth about $4,973,000. Fiduciary Family Office LLC purchased a new position in shares of Workday during the 1st quarter worth about $772,000. Cynosure Group LLC lifted its holdings in shares of Workday by 5.5% during the 1st quarter. Cynosure Group LLC now owns 23,845 shares of the software maker's stock worth $5,569,000 after acquiring an additional 1,250 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Workday during the 1st quarter worth about $5,007,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on WDAY. Guggenheim reiterated a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Stifel Nicolaus cut their price objective on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Westpark Capital increased their price objective on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Oppenheimer cut their price objective on shares of Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, Mizuho cut their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $295.48.
Get Our Latest Stock Report on WDAY
Workday Stock Up 0.4%
Shares of NASDAQ WDAY traded up $0.91 during trading on Tuesday, reaching $214.60. 4,286,623 shares of the stock were exchanged, compared to its average volume of 2,655,733. The business's 50-day moving average price is $236.30 and its 200 day moving average price is $244.62. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $57.30 billion, a price-to-earnings ratio of 118.56, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.
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 (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.
Insiders Place Their Bets
In other Workday news, major shareholder David A. Duffield sold 72,551 shares of Workday stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total value of $17,383,945.11. Following the completion of the transaction, the insider owned 102,997 shares of the company's stock, valued at $24,679,111.17. The trade was a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 329,005 shares of company stock valued at $79,203,523. 20.00% of the stock is owned by insiders.
About Workday
(
Free Report)
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.
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