Goodman Advisory Group LLC Invests $35,000 in Workday, Inc. (NASDAQ:WDAY)

Goodman Advisory Group LLC acquired a new position in Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 158 shares of the software maker’s stock, valued at approximately $35,000.

Several other institutional investors also recently bought and sold shares of WDAY. The Manufacturers Life Insurance Company grew its stake in Workday by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after acquiring an additional 1,016,394 shares in the last quarter. Van ECK Associates Corp increased its stake in Workday by 17,345.2% during the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after buying an additional 925,366 shares during the period. Vanguard Group Inc. raised its stake in shares of Workday by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock valued at $3,988,549,000 after acquiring an additional 437,215 shares in the last quarter. D1 Capital Partners L.P. raised its position in Workday by 152.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock valued at $115,804,000 after purchasing an additional 312,500 shares in the last quarter. Finally, Kodai Capital Management LP purchased a new position in Workday in the fourth quarter worth approximately $85,994,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WDAY shares. Guggenheim reissued a “sell” rating and set a $190.00 price objective on shares of Workday in a research report on Tuesday, June 25th. Barclays raised their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America boosted their price target on Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. KeyCorp increased their price objective on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Citigroup dropped their price target on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Workday Stock Performance

NASDAQ WDAY opened at $243.62 on Friday. The company has a 50-day simple moving average of $238.82 and a two-hundred day simple moving average of $241.57. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a market cap of $64.56 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 4.91 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Workday, Inc. will post 2.39 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $245.36, for a total transaction of $13,740,160.00. Following the completion of the transaction, the insider now directly owns 449,000 shares of the company’s stock, valued at $110,166,640. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,059,998.33. 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 business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $245.36, for a total value of $13,740,160.00. Following the completion of the transaction, the insider now directly owns 449,000 shares of the company’s stock, valued at $110,166,640. The disclosure for this sale can be found here. In the last ninety days, insiders sold 467,402 shares of company stock valued at $111,071,544. 20.00% of the stock is owned by corporate 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.