BSW Wealth Partners Takes $200,000 Position in Workday, Inc. (NASDAQ:WDAY)

BSW Wealth Partners acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 776 shares of the software maker’s stock, valued at approximately $200,000.

Other large investors have also recently bought and sold shares of the company. Creative Planning raised its stake in shares of Workday by 179.3% during the 2nd quarter. Creative Planning now owns 44,647 shares of the software maker’s stock worth $9,981,000 after buying an additional 28,663 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Workday by 23.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,063 shares of the software maker’s stock valued at $1,132,000 after purchasing an additional 970 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Workday by 19.2% in the second quarter. Sunbelt Securities Inc. now owns 914 shares of the software maker’s stock valued at $204,000 after purchasing an additional 147 shares during the last quarter. Quarry LP raised its position in shares of Workday by 63.5% during the 2nd quarter. Quarry LP now owns 273 shares of the software maker’s stock worth $61,000 after purchasing an additional 106 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Workday by 1.5% in the 2nd quarter. Truist Financial Corp now owns 88,588 shares of the software maker’s stock valued at $19,805,000 after buying an additional 1,320 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WDAY shares. Scotiabank began coverage on Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target for the company. Piper Sandler reissued a “neutral” rating and issued a $270.00 target price (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and raised their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Bank of America cut their price objective on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Oppenheimer restated an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $292.25.

Workday Stock Performance

Workday stock opened at $265.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock’s 50 day moving average price is $261.22 and its 200 day moving average price is $248.48. The firm has a market capitalization of $70.60 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares in the company, valued at $30,369,458. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,829 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the transaction, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is currently owned by insiders.

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.