Workday, Inc. (NASDAQ:WDAY) Stake Boosted by Concord Wealth Partners

Concord Wealth Partners raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,765 shares of the software maker’s stock after acquiring an additional 51 shares during the quarter. Concord Wealth Partners’ holdings in Workday were worth $431,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WDAY. William Blair Investment Management LLC lifted its position in shares of Workday by 17.6% during the 1st quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares during the last quarter. ORG Partners LLC boosted its holdings in Workday by 3,717.9% in the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the period. Nordea Investment Management AB grew its position in Workday by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock worth $128,851,000 after purchasing an additional 13,502 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Workday by 42.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock worth $3,649,000 after purchasing an additional 3,965 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after buying an additional 324,540 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Down 0.5 %

Shares of Workday stock traded down $1.12 during trading on Monday, hitting $236.59. The company’s stock had a trading volume of 231,139 shares, compared to its average volume of 2,122,953. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The stock has a 50-day moving average price of $247.09 and a two-hundred day moving average price of $236.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Needham & Company LLC reduced their price objective on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. DA Davidson raised their price objective on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Morgan Stanley lowered their target price on shares of Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group raised their target price on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the sale, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the sale, the insider now directly owns 85,795 shares of the company’s stock, valued at approximately $20,228,745.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 in the last 90 days. Insiders own 20.00% of the company’s stock.

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.