RWA Wealth Partners LLC Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

RWA Wealth Partners LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,774 shares of the software maker’s stock after acquiring an additional 972 shares during the period. RWA Wealth Partners LLC’s holdings in Workday were worth $5,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Roxbury Financial LLC purchased a new stake in shares of Workday in the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in Workday in the 4th quarter valued at approximately $26,000. Avion Wealth raised its position in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC acquired a new position in Workday during the fourth quarter worth $35,000. Finally, True Wealth Design LLC boosted its position in shares of Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares in the company, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 431,145 shares of company stock valued at $108,631,438 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Down 2.5 %

NASDAQ WDAY opened at $238.49 on Monday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market cap of $63.44 billion, a PE ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38. The firm’s fifty day moving average is $256.67 and its two-hundred day moving average is $254.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results 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). The company 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 expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WDAY shares. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Thursday, February 6th. KeyCorp increased their price target on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Oppenheimer raised their price objective on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Loop Capital upped their target price on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Finally, Daiwa America raised shares of Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

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.