Vicus Capital Makes New $269,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Vicus Capital purchased a new position in Workday, Inc. (NASDAQ:WDAY) during the 1st quarter, Holdings Channel reports. The fund purchased 986 shares of the software maker’s stock, valued at approximately $269,000.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC raised its position in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC raised its position in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after acquiring an additional 105 shares during the period. Sound Income Strategies LLC raised its position in Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock worth $31,000 after acquiring an additional 49 shares during the period. CVA Family Office LLC bought a new stake in shares of Workday during the 4th quarter valued at $33,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WDAY has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Sanford C. Bernstein decreased their price objective on shares of Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. TD Cowen decreased their price objective on shares of Workday from $330.00 to $290.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. The Goldman Sachs Group decreased their price objective on shares of Workday from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Canaccord Genuity Group reduced their price target on shares of Workday from $305.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.11.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 64,162 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,981,194.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Workday news, major shareholder David A. Duffield sold 64,162 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,981,194.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the sale, the insider now directly owns 66,356 shares in the company, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders sold a total of 448,713 shares of company stock worth $109,278,793 in the last 90 days. 20.00% of the stock is owned by corporate insiders.

Workday Trading Up 0.1 %

NASDAQ:WDAY opened at $223.56 on Friday. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $59.24 billion, a P/E ratio of 40.28, a P/E/G ratio of 5.64 and a beta of 1.33. The firm has a 50-day simple moving average of $232.50 and a 200-day simple moving average of $263.31.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Workday 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.