8,036 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,036 shares of the software maker’s stock, valued at approximately $2,218,000.

Several other large investors have also recently added to or reduced their stakes in WDAY. Janney Montgomery Scott LLC raised its holdings in Workday by 102.5% during the third quarter. Janney Montgomery Scott LLC now owns 18,176 shares of the software maker’s stock worth $3,905,000 after purchasing an additional 9,201 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in Workday by 5.1% in the third quarter. Alliance Wealth Advisors LLC UT now owns 6,339 shares of the software maker’s stock valued at $1,362,000 after buying an additional 307 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in Workday in the third quarter valued at about $225,000. E Fund Management Co. Ltd. increased its holdings in Workday by 26.9% in the third quarter. E Fund Management Co. Ltd. now owns 1,953 shares of the software maker’s stock valued at $420,000 after buying an additional 414 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in Workday in the third quarter valued at about $302,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder David A. Duffield sold 82,762 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total value of $17,403,193.36. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 82,762 shares of Workday stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total transaction of $669,267.24. Following the sale, the insider now directly owns 204,066 shares in the company, valued at approximately $43,759,913.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 513,042 shares of company stock valued at $133,424,815. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WDAY shares. Oppenheimer dropped their target price on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, May 24th. JPMorgan Chase & Co. dropped their target price on shares of Workday from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, May 24th. The Goldman Sachs Group lowered their price target on shares of Workday from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Mizuho lowered their price target on shares of Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Jefferies Financial Group lowered their price target on shares of Workday from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $283.96.

Check Out Our Latest Analysis on Workday

Workday Trading Up 0.2 %

NASDAQ:WDAY traded up $0.39 during trading hours on Tuesday, reaching $213.12. 284,858 shares of the company were exchanged, compared to its average volume of 2,192,393. The stock has a 50 day simple moving average of $246.41 and a 200 day simple moving average of $268.10. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $56.48 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 6.53 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last issued its earnings results on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

About Workday

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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