Rafferty Asset Management LLC Has $34.69 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Rafferty Asset Management LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 124.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,428 shares of the software maker’s stock after purchasing an additional 74,408 shares during the period. Rafferty Asset Management LLC owned 0.05% of Workday worth $34,686,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WDAY. Marcum Wealth LLC boosted its position in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after purchasing an additional 41 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Workday by 8.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,228 shares of the software maker’s stock valued at $317,000 after buying an additional 92 shares during the period. Define Financial LLC bought a new stake in Workday in the fourth quarter valued at approximately $202,000. Oak Thistle LLC raised its stake in Workday by 70.8% in the fourth quarter. Oak Thistle LLC now owns 10,900 shares of the software maker’s stock valued at $2,813,000 after buying an additional 4,519 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Workday in the fourth quarter valued at approximately $545,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction dated 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 transaction, the insider now owns 102,997 shares of the company’s stock, valued at $22,111,395.96. This trade represents a 44.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 in the last 90 days. 19.31% of the stock is owned by corporate insiders.

Workday Trading Up 0.4%

NASDAQ WDAY 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 twelve month low of $199.81 and a twelve month high of $294.00. The company has a market cap of $72.13 billion, a price-to-earnings ratio of 44.97, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The business’s fifty day moving average is $239.33 and its 200 day moving average is $252.78.

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 the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WDAY shares. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Piper Sandler lowered their target price on Workday from $290.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Mizuho lowered their target price on Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. DA Davidson lowered their target price on Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, BNP Paribas upgraded Workday to a “strong-buy” rating in a research note on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus target price of $293.62.

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.