Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 32.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,283 shares of the software maker’s stock after purchasing an additional 806 shares during the period. Copperwynd Financial LLC’s holdings in Workday were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDAY. Carolinas Wealth Consulting LLC raised its position in shares of Workday by 9.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock worth $106,000 after purchasing an additional 34 shares during the last quarter. Raleigh Capital Management Inc. increased its position in Workday by 4.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after buying an additional 39 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Workday by 4.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after acquiring an additional 43 shares during the last quarter. Diversified Trust Co lifted its position in shares of Workday by 1.0% in the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after acquiring an additional 47 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of Workday by 3.4% during the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after acquiring an additional 48 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder David A. Duffield sold 78,279 shares of Workday stock in a transaction on Monday, July 1st. The shares were sold at an average price of $223.89, for a total transaction of $17,525,885.31. Following the sale, the insider now 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 Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder David A. Duffield sold 78,279 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $23,059,998.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now owns 196,344 shares in the company, valued at $51,106,379.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 467,402 shares of company stock worth $111,071,544. 20.00% of the stock is currently owned by company insiders.

Workday Trading Down 0.7 %

Shares of WDAY opened at $243.62 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The stock’s 50-day moving average is $238.82 and its two-hundred day moving average is $241.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market cap of $64.56 billion, a PE ratio of 43.90, a P/E/G ratio of 4.91 and a beta of 1.35.

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

Wall Street Analyst Weigh In

WDAY has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and issued a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. Citigroup reduced their price objective on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research note on Wednesday. Guggenheim restated a “sell” rating and set a $190.00 target price on shares of Workday in a research report on Tuesday, June 25th. BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, September 18th. Finally, Morgan Stanley decreased their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.