Numerai GP LLC Acquires Shares of 4,175 Workday, Inc. (NASDAQ:WDAY)

Numerai GP LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,175 shares of the software maker’s stock, valued at approximately $1,077,000.

Several other institutional investors also recently bought and sold shares of WDAY. Roxbury Financial LLC acquired a new stake in shares of Workday in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Workday in the fourth quarter worth approximately $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC acquired a new position in Workday during the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its stake in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after buying an additional 66 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price objective on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Piper Sandler lowered their price objective on Workday from $290.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on Workday from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.62.

Workday Price Performance

Shares of NASDAQ WDAY opened at $270.02 on Wednesday. The stock’s 50-day moving average is $238.96 and its two-hundred day moving average is $252.65. The company has a market cap of $71.83 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. 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 (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%. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. This trade represents a 39.22% 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. 19.31% of the stock is currently owned by corporate insiders.

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.