1,427 Shares in Workday, Inc. $WDAY Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,427 shares of the software maker’s stock, valued at approximately $342,000.

A number of other large investors have also recently bought and sold shares of WDAY. Dagco Inc. acquired a new stake in shares of Workday in the first quarter valued at approximately $31,000. Golden State Wealth Management LLC grew its position in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new stake in Workday in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. lifted its position in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Workday during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WDAY. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Barclays decreased their price target on Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Macquarie reissued a “buy” rating on shares of Workday in a report on Wednesday. Finally, BMO Capital Markets decreased their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.70.

Insider Buying and Selling at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the sale, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 1,915 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total value of $457,608.40. Following the completion of the transaction, the chief accounting officer directly owned 37,351 shares in the company, valued at $8,925,394.96. The trade was a 4.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 264,933 shares of company stock worth $61,475,760 in the last ninety days. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $215.69 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $57.59 billion, a P/E ratio of 90.63, a P/E/G ratio of 2.61 and a beta of 1.15. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The stock has a 50 day moving average of $233.23 and a 200-day moving average of $235.48.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $1.89 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current 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.