Fiduciary Alliance LLC Buys 2,899 Shares of Workday, Inc. $WDAY

Fiduciary Alliance LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,334 shares of the software maker’s stock after acquiring an additional 2,899 shares during the period. Fiduciary Alliance LLC’s holdings in Workday were worth $3,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new stake in Workday during the 2nd quarter worth approximately $25,000. Berbice Capital Management LLC increased its position in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after buying an additional 133 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Workday in the second quarter valued at about $41,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Workday in the second quarter valued at about $42,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday, November 26th. Rosenblatt Securities assumed coverage on shares of Workday in a research report on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 price target for the company. Citigroup cut their price target on Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $282.22.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 82,025 shares of Workday stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $212.19, for a total transaction of $17,404,884.75. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,290,347.31. The trade was a 43.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the transaction, the insider owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 251,074 shares of company stock valued at $57,717,721. Company insiders own 19.31% of the company’s stock.

Workday Stock Down 0.1%

Shares of WDAY opened at $216.00 on Thursday. The firm has a 50 day simple moving average of $227.76 and a two-hundred day simple moving average of $232.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. Workday, Inc. has a one year low of $205.33 and a one year high of $283.68. The company has a market cap of $56.81 billion, a P/E ratio of 90.76, a P/E/G ratio of 2.46 and a beta of 1.15.

Workday (NASDAQ:WDAY) last issued 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research 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.