Workday, Inc. (NASDAQ:WDAY) Holdings Raised by New Century Financial Group LLC

New Century Financial Group LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,246 shares of the software maker’s stock after acquiring an additional 59 shares during the period. New Century Financial Group LLC’s holdings in Workday were worth $305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. American International Group Inc. lifted its holdings in shares of Workday by 3.0% during the 4th quarter. American International Group Inc. now owns 14,523 shares of the software maker’s stock valued at $4,009,000 after buying an additional 420 shares during the last quarter. Mather Group LLC. bought a new stake in Workday in the first quarter worth approximately $74,000. Wedmont Private Capital increased its stake in shares of Workday by 8.3% during the 1st quarter. Wedmont Private Capital now owns 1,095 shares of the software maker’s stock worth $297,000 after purchasing an additional 84 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Workday by 21.4% during the 1st quarter. Park Avenue Securities LLC now owns 6,628 shares of the software maker’s stock valued at $1,808,000 after purchasing an additional 1,169 shares in the last quarter. Finally, RFG Advisory LLC acquired a new stake in shares of Workday in the 1st quarter valued at $433,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Up 0.5 %

Shares of NASDAQ:WDAY opened at $244.48 on Monday. The company has a market capitalization of $64.79 billion, a PE ratio of 44.05, a P/E/G ratio of 4.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company’s fifty day moving average is $245.21 and its 200-day moving average is $237.79. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WDAY. Canaccord Genuity Group restated a “buy” rating and set a $300.00 target price on shares of Workday in a report on Friday, September 13th. Guggenheim restated a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Thursday, September 19th. Evercore ISI dropped their price target on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $285.00 price objective on shares of Workday in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.