NBC Securities Inc. Grows Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

NBC Securities Inc. increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,964 shares of the software maker’s stock after purchasing an additional 323 shares during the period. NBC Securities Inc.’s holdings in Workday were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in shares of Workday by 1.2% during the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock valued at $788,000 after acquiring an additional 34 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Workday by 27.6% during the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after purchasing an additional 34 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in Workday by 9.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock valued at $106,000 after purchasing an additional 34 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in Workday by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after purchasing an additional 36 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in Workday by 2.6% during the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after purchasing an additional 36 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,162 shares of Workday stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $271.67, for a total value of $17,430,890.54. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $27,981,194.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the sale, the insider now owns 1,011,000 shares in the company, valued at approximately $279,996,450. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,162 shares of Workday stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $271.67, for a total value of $17,430,890.54. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,981,194.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 448,713 shares of company stock valued at $112,547,513. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Guggenheim reiterated a “sell” rating and issued a $190.00 price objective on shares of Workday in a report on Friday, May 24th. The Goldman Sachs Group lowered their target price on Workday from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Evercore ISI dropped their price target on Workday from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $283.96.

Workday Stock Down 2.2 %

NASDAQ:WDAY opened at $207.69 on Thursday. Workday, Inc. has a 52 week low of $202.01 and a 52 week high of $311.28. The stock’s fifty day moving average is $238.11 and its two-hundred day moving average is $265.89. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 5.24 and a beta of 1.33. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $0.16 EPS. Workday’s revenue was up 18.1% on a year-over-year basis. Research analysts anticipate that Workday, Inc. will post 2.12 EPS for the current year.

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.