HB Wealth Management LLC Has $1.95 Million Position in Workday, Inc. (NASDAQ:WDAY)

HB Wealth Management LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,566 shares of the software maker’s stock after acquiring an additional 360 shares during the quarter. HB Wealth Management LLC’s holdings in Workday were worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Massachusetts Financial Services Co. MA raised its position in shares of Workday by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 25,532 shares of the software maker’s stock valued at $5,708,000 after purchasing an additional 141 shares during the period. Dimensional Fund Advisors LP increased its position in Workday by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 226,117 shares of the software maker’s stock worth $50,552,000 after acquiring an additional 22,290 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Workday by 10.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 4,424 shares of the software maker’s stock worth $965,000 after acquiring an additional 408 shares during the period. Amalgamated Bank boosted its stake in Workday by 3.3% during the second quarter. Amalgamated Bank now owns 14,306 shares of the software maker’s stock worth $3,198,000 after buying an additional 455 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in Workday by 42.5% during the second quarter. Intech Investment Management LLC now owns 18,462 shares of the software maker’s stock worth $4,127,000 after buying an additional 5,502 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In related news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by insiders.

Workday Trading Down 0.4 %

NASDAQ WDAY opened at $249.64 on Monday. The company has a market cap of $66.40 billion, a PE ratio of 41.40, a PEG ratio of 4.51 and a beta of 1.34. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock has a 50 day moving average of $262.40 and a 200-day moving average of $246.79.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WDAY shares. Bank of America reduced their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Mizuho upped their price target on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley boosted their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Monday, November 25th. Finally, Barclays lowered their price target on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

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.