Ieq Capital LLC Has $6.21 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Ieq Capital LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,080 shares of the software maker’s stock after acquiring an additional 5,135 shares during the period. Ieq Capital LLC’s holdings in Workday were worth $6,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Roxbury Financial LLC acquired a new position in Workday during the 4th quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in shares of Workday during the third quarter valued at about $26,000. Crews Bank & Trust acquired a new position in shares of Workday during the fourth quarter valued at about $26,000. Avion Wealth raised its position in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now directly owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 over the last three months. 20.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WDAY shares. Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Piper Sandler reaffirmed a “neutral” rating and set a $270.00 price objective (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Finally, Redburn Atlantic started coverage on shares of Workday in a research report on Wednesday. They set a “neutral” rating for the company. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

Workday Price Performance

WDAY opened at $256.39 on Friday. Workday, Inc. has a one year low of $199.81 and a one year 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 company’s 50 day simple moving average is $260.75 and its 200-day simple moving average is $252.87. The stock has a market capitalization of $68.20 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 3.56 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Workday’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.