Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,173 shares of the software maker’s stock after purchasing an additional 1,375 shares during the quarter. Profund Advisors LLC’s holdings in Workday were worth $5,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Workday during the 1st quarter worth approximately $27,000. Sound Income Strategies LLC grew its stake in Workday by 74.2% in the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after acquiring an additional 49 shares during the period. SouthState Corp grew its stake in Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after acquiring an additional 129 shares during the period. Asset Dedication LLC acquired a new stake in Workday in the 2nd quarter valued at $36,000. Finally, PSI Advisors LLC acquired a new stake in Workday in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. DA Davidson lifted their price target on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday. Finally, Barclays lifted their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.48.

Workday Stock Up 0.3 %

NASDAQ WDAY opened at $248.29 on Friday. The firm has a market cap of $65.80 billion, a PE ratio of 44.74, a P/E/G ratio of 5.07 and a beta of 1.35. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The business’s fifty day simple moving average is $237.48 and its 200-day simple moving average is $242.12. 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 (NASDAQ:WDAY) last issued its quarterly earnings data 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. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.39 earnings per share for the current year.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the sale, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $223.80, for a total value of $12,532,800.00. Following the completion of the transaction, the insider now directly owns 674,000 shares of the company’s stock, valued at approximately $150,841,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the transaction, the insider now directly owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 467,402 shares of company stock worth $109,864,184. Company insiders own 20.00% of the company’s stock.

Workday Company 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.