Sentry Investment Management LLC Has $687,000 Position in Workday, Inc. (NASDAQ:WDAY)

Sentry Investment Management LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 70.2% during the fourth quarter, HoldingsChannel reports. The fund owned 2,663 shares of the software maker’s stock after purchasing an additional 1,098 shares during the quarter. Sentry Investment Management LLC’s holdings in Workday were worth $687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Workday by 24,593.2% during the 3rd quarter. International Assets Investment Management LLC now owns 215,325 shares of the software maker’s stock worth $52,628,000 after purchasing an additional 214,453 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Workday by 28.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock valued at $361,000 after acquiring an additional 327 shares in the last quarter. Dakota Wealth Management lifted its stake in Workday by 16.3% in the third quarter. Dakota Wealth Management now owns 4,091 shares of the software maker’s stock valued at $1,000,000 after acquiring an additional 573 shares during the last quarter. Ballentine Partners LLC grew its position in Workday by 27.0% in the third quarter. Ballentine Partners LLC now owns 1,892 shares of the software maker’s stock worth $462,000 after acquiring an additional 402 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Workday by 47.8% in the third quarter. Arkadios Wealth Advisors now owns 3,168 shares of the software maker’s stock worth $774,000 after acquiring an additional 1,025 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WDAY. The Goldman Sachs Group lifted their price objective on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Barclays reduced their price target on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. BNP Paribas raised Workday to a “strong-buy” rating in a research note on Friday, February 14th. Redburn Atlantic assumed coverage on Workday in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Finally, Piper Sandler reissued a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $291.11.

Workday Trading Up 2.1 %

WDAY stock opened at $261.81 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $69.64 billion, a P/E ratio of 43.42, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The business’s 50 day moving average is $260.42 and its 200-day moving average is $253.82.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the sale, the insider now directly owns 121,100 shares in the company, valued at $30,369,458. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 70,003 shares of Workday stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total value of $17,584,753.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. The trade was a 40.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock worth $113,142,592. Corporate insiders own 20.00% of the company’s stock.

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.