Wealthspire Advisors LLC Takes Position in Workday, Inc. (NASDAQ:WDAY)

Wealthspire Advisors LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 946 shares of the software maker’s stock, valued at approximately $244,000.

Several other large investors have also made changes to their positions in WDAY. Integrated Advisors Network LLC boosted its holdings in shares of Workday by 48.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,787 shares of the software maker’s stock valued at $437,000 after acquiring an additional 581 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Workday by 36.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,667 shares of the software maker’s stock valued at $896,000 after acquiring an additional 984 shares during the last quarter. Palumbo Wealth Management LLC boosted its holdings in shares of Workday by 12.1% in the 3rd quarter. Palumbo Wealth Management LLC now owns 1,115 shares of the software maker’s stock valued at $273,000 after acquiring an additional 120 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Workday by 1.0% in the 3rd quarter. US Bancorp DE now owns 94,308 shares of the software maker’s stock valued at $23,050,000 after acquiring an additional 947 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Workday by 18.7% in the 3rd quarter. AustralianSuper Pty Ltd now owns 5,211 shares of the software maker’s stock valued at $1,274,000 after acquiring an additional 822 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares in the company, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 433,321 shares of company stock worth $111,763,803. Insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on WDAY shares. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Guggenheim reissued a “neutral” rating on shares of Workday in a report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Workday Price Performance

Shares of NASDAQ WDAY opened at $260.57 on Friday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $298.50. The stock has a market capitalization of $69.31 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The firm has a 50-day simple moving average of $259.89 and a 200-day simple moving average of $254.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.