Mufg Securities Americas Inc. Buys New Shares in Workday, Inc. (NASDAQ:WDAY)

Mufg Securities Americas Inc. purchased a new position in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,145 shares of the software maker’s stock, valued at approximately $812,000.

Other institutional investors also recently modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of Workday during the fourth quarter worth $26,000. Roxbury Financial LLC acquired a new stake in Workday during the 4th quarter worth about $25,000. Avion Wealth lifted its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday in the fourth quarter worth about $35,000. Finally, Rakuten Securities Inc. increased its position in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Workday stock opened at $271.17 on Thursday. 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, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The business’s 50-day simple moving average is $239.33 and its 200 day simple moving average is $252.78. The stock has a market cap of $72.13 billion, a price-to-earnings ratio of 44.97, a P/E/G ratio of 3.55 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WDAY shares. Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group raised their target price on Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Daiwa America upgraded shares of Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their price target on Workday from $290.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Insider Buying and Selling

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 81,275 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $22,111,395.96. The trade was a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 19.31% of the company’s stock.

Workday 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.