Dynasty Wealth Management LLC Has $1.96 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Dynasty Wealth Management LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,576 shares of the software maker’s stock after purchasing an additional 133 shares during the period. Dynasty Wealth Management LLC’s holdings in Workday were worth $1,955,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WDAY. Two Sigma Advisers LP boosted its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares in the last quarter. KBC Group NV raised its stake in Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares in the last quarter. Janus Henderson Group PLC grew its stake in Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the period. Principal Financial Group Inc. grew its holdings in Workday by 2,166.1% in the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock worth $104,044,000 after purchasing an additional 385,430 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Workday by 28.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,465,917 shares of the software maker’s stock valued at $378,250,000 after buying an additional 326,251 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 433,321 shares of company stock valued at $111,763,803 over the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Workday Trading Down 3.9 %

NASDAQ WDAY opened at $260.57 on Friday. The company has a market capitalization of $69.31 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $298.50. The company’s fifty day moving average price is $259.89 and its two-hundred day moving average price is $254.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. As a group, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WDAY. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group increased their price objective on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research report on Wednesday. Scotiabank boosted their target price on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler lifted their price objective on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $302.14.

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.