Workday, Inc. (NASDAQ:WDAY) Holdings Raised by Calamos Advisors LLC

Calamos Advisors LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 233.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,557 shares of the software maker's stock after acquiring an additional 71,109 shares during the period. Calamos Advisors LLC's holdings in Workday were worth $23,717,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in shares of Workday during the fourth quarter valued at $35,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday during the first quarter valued at $32,000. 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. Financial Management Professionals Inc. boosted its stake in Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Up 1.8%

Shares of NASDAQ:WDAY traded up $4.29 during mid-day trading on Friday, hitting $242.03. 1,301,745 shares of the company traded hands, compared to its average volume of 2,462,966. The firm has a market cap of $64.62 billion, a P/E ratio of 133.72, a PEG ratio of 3.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The firm's 50 day simple moving average is $249.22 and its 200 day simple moving average is $249.92.

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 (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $1.74 EPS. Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 72,917 shares of Workday stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $238.96, for a total value of $17,424,246.32. Following the sale, the insider owned 102,997 shares in the company, valued at $24,612,163.12. This represents a 41.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 331,775 shares of company stock valued at $77,836,828 over the last 90 days. 19.31% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $340.00 price target on shares of Workday in a research note on Friday, May 23rd. 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. Loop Capital decreased their price target on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. Piper Sandler reissued a "neutral" rating and issued a $255.00 price target (up from $230.00) on shares of Workday in a research note on Friday, May 23rd. Finally, Mizuho decreased their price target on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $297.68.

Workday Company 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.