Voya Financial Advisors Inc. Purchases 210 Shares of Workday, Inc. (NASDAQ:WDAY)

Voya Financial Advisors Inc. raised its position in Workday, Inc. (NASDAQ:WDAY) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,679 shares of the software maker’s stock after acquiring an additional 210 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Workday were worth $653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after acquiring an additional 480,459 shares during the period. State Street Corp boosted its holdings in Workday by 1.4% in the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker’s stock worth $1,183,611,000 after buying an additional 67,380 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Workday by 0.6% during the third quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker’s stock valued at $566,094,000 after acquiring an additional 14,159 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Workday by 4.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock valued at $482,133,000 after acquiring an additional 75,747 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after acquiring an additional 118,180 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Stock Up 1.4 %

Shares of WDAY opened at $266.42 on Friday. 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, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a fifty day simple moving average of $249.96 and a two-hundred day simple moving average of $237.65. The company has a market capitalization of $70.60 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 4.98 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 2.58 EPS for the current year.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the transaction, the insider now owns 85,795 shares of the company’s stock, valued at approximately $20,228,745.10. This trade represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 361,463 shares of company stock valued at $88,422,088 in the last 90 days. 20.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on WDAY shares. Canaccord Genuity Group restated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Friday, September 13th. The Goldman Sachs Group upped their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Piper Sandler reissued a “neutral” rating and issued a $270.00 price objective (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. KeyCorp increased their price target on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.14.

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.