GSA Capital Partners LLP Raises Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

GSA Capital Partners LLP grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 129.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,196 shares of the software maker’s stock after buying an additional 1,804 shares during the quarter. GSA Capital Partners LLP’s holdings in Workday were worth $781,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Crewe Advisors LLC purchased a new stake in Workday in the 1st quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Workday during the third quarter worth about $26,000. SouthState Corp increased its stake in shares of Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares in the last quarter. Pacific Center for Financial Services lifted its stake in Workday by 57.0% in the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock valued at $43,000 after buying an additional 57 shares in the last quarter. Finally, Goodman Advisory Group LLC acquired a new stake in Workday in the 2nd quarter worth about $35,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Down 4.4 %

Shares of WDAY opened at $259.41 on Friday. The company’s 50-day simple moving average is $246.74 and its 200-day simple moving average is $236.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The stock has a market capitalization of $68.74 billion, a PE ratio of 45.19, a P/E/G ratio of 5.39 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released 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. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WDAY shares. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Friday, September 13th. Evercore ISI lowered their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group increased their target price on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Bank of America raised their target price on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Loop Capital boosted their price objective on Workday from $255.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.59.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction 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 $2,097,806.90. The trade was a 17.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the transaction, the director now owns 97,500 shares in the company, valued at approximately $25,381,200. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 over the last 90 days. 20.00% of the stock is owned by corporate insiders.

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.