Vestmark Advisory Solutions Inc. Buys 277 Shares of Workday, Inc. (NASDAQ:WDAY)

Vestmark Advisory Solutions Inc. increased its position in Workday, Inc. (NASDAQ:WDAY) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,786 shares of the software maker’s stock after purchasing an additional 277 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Workday were worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Marcum Wealth LLC grew its position in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after buying an additional 41 shares in the last quarter. Custom Index Systems LLC lifted its stake in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares during the period. Meeder Asset Management Inc. grew its holdings in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Workday by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after purchasing an additional 43 shares during the period. Finally, Fulton Bank N.A. raised its holdings in shares of Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after purchasing an additional 48 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group upped their price objective on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their target price on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler increased their price target on shares of Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Stock Down 0.5 %

NASDAQ:WDAY opened at $252.38 on Friday. The firm has a market capitalization of $67.13 billion, a P/E ratio of 41.85, a PEG ratio of 3.55 and a beta of 1.35. The company’s fifty day moving average price is $258.39 and its 200-day moving average price is $255.61. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

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

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the transaction, the insider now directly owns 284,000 shares in the company, valued at $78,188,040. The trade was a 16.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is owned by company 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.