Opal Wealth Advisors LLC Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Opal Wealth Advisors LLC raised its stake in Workday, Inc. (NASDAQ:WDAY) by 5.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 946 shares of the software maker’s stock after acquiring an additional 47 shares during the period. Opal Wealth Advisors LLC’s holdings in Workday were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WDAY. Integrated Advisors Network LLC purchased a new position in shares of Workday in the 4th quarter valued at approximately $276,000. American International Group Inc. lifted its holdings in shares of Workday by 3.0% in the 4th quarter. American International Group Inc. now owns 14,523 shares of the software maker’s stock valued at $4,009,000 after buying an additional 420 shares during the period. HighPoint Advisor Group LLC acquired a new stake in shares of Workday in the 4th quarter valued at approximately $826,000. GAMMA Investing LLC lifted its holdings in shares of Workday by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 634 shares of the software maker’s stock valued at $173,000 after buying an additional 175 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Workday in the 1st quarter valued at approximately $74,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares of the company’s stock, valued at $2,097,806.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 over the last quarter. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

Workday stock opened at $240.22 on Thursday. The company has a market capitalization of $63.66 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 4.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The stock has a fifty day moving average of $243.94 and a two-hundred day moving average of $238.40.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, analysts anticipate that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the subject of several recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $285.00 price target on shares of Workday in a report on Wednesday, September 18th. The Goldman Sachs Group raised their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, September 18th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their price objective on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.04.

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.