NBC Securities Inc. Acquires 378 Shares of Workday, Inc. (NASDAQ:WDAY)

NBC Securities Inc. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,014 shares of the software maker’s stock after buying an additional 378 shares during the quarter. NBC Securities Inc.’s holdings in Workday were worth $1,958,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WDAY. Crewe Advisors LLC purchased a new stake in Workday in the first quarter worth about $27,000. Sound Income Strategies LLC lifted its stake in shares of 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 purchasing an additional 49 shares during the period. SouthState Corp lifted its stake in shares of 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 purchasing an additional 129 shares during the period. Goodman Advisory Group LLC bought a new stake in shares of Workday during the second quarter valued at approximately $35,000. Finally, Asset Dedication LLC purchased a new stake in Workday in the second quarter worth $36,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction dated 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 $2,097,806.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now directly owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now directly owns 97,500 shares in the company, valued at $25,381,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 370,575 shares of company stock valued at $91,506,897. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

WDAY opened at $244.83 on Wednesday. The company’s 50 day moving average is $243.34 and its 200 day moving average is $238.38. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market cap of $64.88 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 4.87 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results 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. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. On average, equities research analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDAY. BMO Capital Markets restated an “outperform” rating and set a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. Citigroup dropped 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, September 25th. Evercore ISI lowered their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company upped their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Needham & Company LLC lowered their price objective on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.04.

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.