Valeo Financial Advisors LLC Makes New $254,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Valeo Financial Advisors LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, Holdings Channel reports. The fund bought 919 shares of the software maker’s stock, valued at approximately $254,000.

Several other institutional investors also recently modified their holdings of the business. Washington Trust Advisors Inc. boosted its stake in Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after acquiring an additional 36 shares during the last quarter. Cigna Investments Inc. New boosted its position in shares of Workday by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock worth $598,000 after purchasing an additional 37 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Workday by 6.3% during the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker’s stock worth $168,000 after purchasing an additional 44 shares during the period. Front Row Advisors LLC increased its holdings in Workday by 21.6% in the second quarter. Front Row Advisors LLC now owns 259 shares of the software maker’s stock valued at $59,000 after purchasing an additional 46 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Workday by 4.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,029 shares of the software maker’s stock valued at $221,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several analyst reports. Barclays decreased their target price on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and issued a $330.00 target price on shares of Workday in a research note on Monday, February 26th. Needham & Company LLC raised their price objective on shares of Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Performance

NASDAQ WDAY opened at $259.63 on Tuesday. The firm has a 50-day moving average price of $281.47 and a two-hundred day moving average price of $261.76. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The company has a market capitalization of $68.54 billion, a P/E ratio of 50.41, a P/E/G ratio of 6.59 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) earnings per share. Analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the transaction, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 65,221 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,633,065.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 379,691 shares of company stock worth $102,897,729. Company insiders own 21.09% of the company’s stock.

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.