Citizens Financial Group Inc. RI Acquires 594 Shares of Workday, Inc. (NASDAQ:WDAY)

Citizens Financial Group Inc. RI increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 17.5% in the third quarter, Holdings Channel.com reports. The fund owned 3,994 shares of the software maker’s stock after buying an additional 594 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Workday were worth $976,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WDAY. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. Diversified Trust Co boosted its position in Workday by 1.0% in the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after buying an additional 47 shares during the period. Opal Wealth Advisors LLC grew its stake in Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after acquiring an additional 47 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position 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 worth $324,000 after acquiring an additional 48 shares during the period. Finally, Aspen Investment Management Inc raised its stake in shares of Workday by 3.1% during the second quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % 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 link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now directly owns 97,500 shares in the company, valued at $25,381,200. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,575 shares of company stock valued at $91,506,897. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 0.1 %

NASDAQ WDAY opened at $267.75 on Friday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a fifty day simple moving average of $247.71 and a two-hundred day simple moving average of $237.07. 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 stock has a market cap of $70.95 billion, a P/E ratio of 46.65, a P/E/G ratio of 5.16 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Scotiabank initiated coverage on Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price objective on the stock. Morgan Stanley dropped their price target on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. DA Davidson lifted their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. Finally, Needham & Company LLC cut their target price on shares of Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.46.

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.