Dynamic Technology Lab Private Ltd Purchases 4,275 Shares of Workday, Inc. $WDAY

Dynamic Technology Lab Private Ltd raised its position in Workday, Inc. (NASDAQ:WDAY) by 68.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,495 shares of the software maker’s stock after acquiring an additional 4,275 shares during the period. Workday makes up about 0.3% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 28th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Workday were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Workday by 66.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 2,350 shares of the software maker’s stock valued at $549,000 after buying an additional 941 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Workday by 14.2% during the 1st quarter. IFP Advisors Inc now owns 2,862 shares of the software maker’s stock valued at $669,000 after buying an additional 355 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Workday by 35.4% in the 1st quarter. Lindbrook Capital LLC now owns 723 shares of the software maker’s stock worth $169,000 after buying an additional 189 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in Workday by 5.9% in the 1st quarter. Crestwood Advisors Group LLC now owns 4,418 shares of the software maker’s stock valued at $1,032,000 after buying an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $223.86 on Thursday. The stock has a market cap of $59.77 billion, a P/E ratio of 103.64, a PEG ratio of 2.81 and a beta of 1.11. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $234.14 and its two-hundred day moving average price is $237.49. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. As a group, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $265.00 target price on shares of Workday in a research report on Wednesday, September 17th. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Stifel Nicolaus cut their target price on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Finally, Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $287.86.

Insider Buying and Selling

In related news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 75,053 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total value of $17,738,026.02. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $24,342,310.98. The trade was a 42.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 264,933 shares of company stock worth $61,475,760 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

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.