First Trust Direct Indexing L.P. Has $896,000 Holdings in Workday, Inc. (NASDAQ:WDAY)

First Trust Direct Indexing L.P. increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 36.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,667 shares of the software maker’s stock after acquiring an additional 984 shares during the period. First Trust Direct Indexing L.P.’s holdings in Workday were worth $896,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after acquiring an additional 1,016,394 shares during the period. Van ECK Associates Corp lifted its holdings in Workday by 17,345.2% during the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after purchasing an additional 925,366 shares during the last quarter. Vanguard Group Inc. boosted its position in Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after buying an additional 324,540 shares in the last quarter. D1 Capital Partners L.P. grew its stake in Workday by 152.1% during the second quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after buying an additional 312,500 shares during the last quarter. Finally, Sustainable Growth Advisers LP increased its holdings in shares of Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after buying an additional 301,463 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the transaction, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is owned by corporate insiders.

Workday Trading Up 2.3 %

WDAY opened at $239.12 on Friday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The firm has a market cap of $63.37 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s fifty day moving average is $246.99 and its two-hundred day moving average is $236.26.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts anticipate that Workday, Inc. will post 2.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on WDAY. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. DA Davidson lifted their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Piper Sandler reissued an “overweight” rating and set a $285.00 price objective on shares of Workday in a report on Wednesday, September 18th. Finally, Bank of America boosted their target price on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Workday 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.