One Wealth Capital Management LLC Takes Position in Workday, Inc. (NASDAQ:WDAY)

One Wealth Capital Management LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,770 shares of the software maker’s stock, valued at approximately $715,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WDAY. 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 during the period. Kingsview Wealth Management LLC boosted its position in shares of Workday by 0.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after purchasing an additional 43 shares during the last quarter. Opal Wealth Advisors LLC boosted its position in shares of Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after purchasing an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after purchasing an additional 48 shares during the last quarter. Finally, Concord Wealth Partners increased its holdings in Workday by 3.0% in the third quarter. Concord Wealth Partners now owns 1,765 shares of the software maker’s stock valued at $431,000 after purchasing an additional 51 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 16.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 304,158 shares of company stock worth $78,650,975 in the last ninety days. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WDAY. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Workday in a research note on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a research report on Monday. The Goldman Sachs Group upped their price objective 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. Finally, Bank of America reduced their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $291.36.

Workday Stock Down 2.6 %

WDAY stock traded down $6.65 during mid-day trading on Tuesday, reaching $247.49. The company had a trading volume of 1,102,799 shares, compared to its average volume of 1,573,639. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a market capitalization of $65.83 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a 50 day simple moving average of $261.38 and a two-hundred day simple moving average of $245.16.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. As a group, equities analysts predict that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

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.