Baker Tilly Wealth Management LLC Purchases 117 Shares of Workday, Inc. (NASDAQ:WDAY)

Baker Tilly Wealth Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,252 shares of the software maker’s stock after purchasing an additional 117 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Workday were worth $581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after acquiring an additional 43 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after purchasing an additional 47 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after acquiring an additional 48 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Workday by 1.3% during the fourth quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after buying an additional 48 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.9 %

Shares of NASDAQ WDAY traded down $2.22 during midday trading on Friday, hitting $252.47. 389,090 shares of the company’s stock were exchanged, compared to its average volume of 1,680,093. The company has a market cap of $67.16 billion, a PE ratio of 41.87, a P/E/G ratio of 5.04 and a beta of 1.34. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm’s fifty day simple moving average is $262.35 and its 200-day simple moving average is $245.50.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Research analysts predict that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 70,003 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 368,257 shares of company stock worth $94,938,455 over the last quarter. 20.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on WDAY shares. Piper Sandler reaffirmed a “neutral” rating and set a $270.00 price target (down from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Finally, Bank of America decreased their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

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.