Greykasell Wealth Strategies Inc. Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Greykasell Wealth Strategies Inc. bought a new position in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,060 shares of the software maker’s stock, valued at approximately $1,047,000.

A number of other institutional investors have also recently made changes to their positions in WDAY. Parnassus Investments LLC grew its position in shares of Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock valued at $631,589,000 after buying an additional 2,078,097 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Workday in the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP grew its position in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Workday by 62.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock valued at $350,921,000 after buying an additional 524,799 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $244.17 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $64.95 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.55 and a beta of 1.38. The stock has a 50 day moving average of $256.91 and a 200 day moving average of $255.56. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of analyst reports. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $330.00 to $275.00 in a research report on Wednesday, February 19th. Loop Capital upped their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Piper Sandler upped their target price on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. KeyCorp upped their target price on Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets upped their target price on Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

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.