abrdn plc Has $56.93 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

abrdn plc increased its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,217 shares of the software maker's stock after purchasing an additional 45,737 shares during the quarter. abrdn plc owned approximately 0.08% of Workday worth $56,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. CWM LLC increased its position in Workday by 12.3% during the 3rd quarter. CWM LLC now owns 3,691 shares of the software maker's stock worth $793,000 after purchasing an additional 405 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in Workday by 88.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 359 shares of the software maker's stock worth $81,000 after buying an additional 168 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in Workday in the 3rd quarter worth about $430,000. Global Retirement Partners LLC boosted its stake in Workday by 68.5% in the 3rd quarter. Global Retirement Partners LLC now owns 332 shares of the software maker's stock worth $70,000 after buying an additional 135 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Workday by 0.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,656 shares of the software maker's stock worth $4,867,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,633,065.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $27,633,065.13. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock worth $117,731,569 in the last three months. 21.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Guggenheim reissued a "sell" rating and issued a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. StockNews.com lowered Workday from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 8th. Evercore ISI raised their price target on Workday from $310.00 to $350.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Finally, The Goldman Sachs Group lifted their price objective on Workday from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and a consensus target price of $293.61.

Workday Stock Up 0.5 %

WDAY stock traded up $1.31 during midday trading on Monday, hitting $253.53. 1,099,085 shares of the company's stock were exchanged, compared to its average volume of 1,768,453. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The firm has a 50 day moving average price of $277.28 and a 200-day moving average price of $263.35. The stock has a market capitalization of $66.93 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 6.30 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned ($0.14) EPS. Workday's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Workday, Inc. will post 1.76 EPS for the current year.

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.