1,130 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Advyzon Investment Management LLC

Advyzon Investment Management LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,130 shares of the software maker’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marcum Wealth LLC boosted its position in shares of Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC boosted its holdings in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after acquiring an additional 43 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after purchasing an additional 48 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Trading Up 0.2 %

Shares of NASDAQ WDAY opened at $261.63 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $261.10 and its two-hundred day moving average price is $252.54. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a market capitalization of $69.59 billion, a P/E ratio of 43.39, a PEG ratio of 3.62 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. On average, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,090 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares of the company’s stock, valued at $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 90 days, insiders have sold 438,819 shares of company stock valued at $113,142,592. Insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WDAY. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Thursday, February 6th. Morgan Stanley downgraded Workday from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $330.00 to $275.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and raised their price objective for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Mizuho upped their target price on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Ten research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $291.11.

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.