B.O.S.S. Retirement Advisors LLC Acquires Shares of 4,201 Workday, Inc. (NASDAQ:WDAY)

B.O.S.S. Retirement Advisors LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,201 shares of the software maker’s stock, valued at approximately $1,084,000.

Several other institutional investors also recently added to or reduced their stakes in WDAY. Linden Thomas Advisory Services LLC grew its position in shares of Workday by 9.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,127 shares of the software maker’s stock valued at $2,097,000 after acquiring an additional 688 shares during the period. Fifth Third Bancorp boosted its stake in Workday by 4.8% in the 4th quarter. Fifth Third Bancorp now owns 9,251 shares of the software maker’s stock worth $2,387,000 after purchasing an additional 423 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Workday by 198.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 544 shares of the software maker’s stock valued at $140,000 after purchasing an additional 362 shares during the period. Exchange Traded Concepts LLC bought a new stake in Workday during the fourth quarter valued at $230,000. Finally, RFG Advisory LLC boosted its stake in Workday by 11.4% during the fourth quarter. RFG Advisory LLC now owns 1,890 shares of the software maker’s stock valued at $488,000 after buying an additional 193 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of Workday stock opened at $258.28 on Friday. The stock has a 50 day moving average of $260.91 and a 200 day moving average of $247.59. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The firm has a market cap of $68.70 billion, a PE ratio of 42.83, a PEG ratio of 4.58 and a beta of 1.34. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $0.47 EPS. Workday’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 in the last 90 days. 20.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WDAY. Oppenheimer reiterated an “outperform” rating and set a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. Piper Sandler reissued a “neutral” rating and issued a $270.00 target price (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Scotiabank began coverage on shares of Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price on the stock. Finally, Bank of America lowered their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus 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.