Austin Private Wealth LLC Acquires 1,317 Shares of Workday, Inc. (NASDAQ:WDAY)

Austin Private Wealth LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 18.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,276 shares of the software maker’s stock after purchasing an additional 1,317 shares during the quarter. Austin Private Wealth LLC’s holdings in Workday were worth $2,135,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WDAY. Two Sigma Advisers LP grew its holdings in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares in the last quarter. KBC Group NV boosted its holdings in shares of Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after acquiring an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Workday during the third quarter worth approximately $78,003,000. Finally, Lindbrook Capital LLC boosted its stake in Workday by 17,001.6% in the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock valued at $703,000 after purchasing an additional 284,266 shares during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Monday, November 25th. Citigroup lowered their target price on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Guggenheim upgraded Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and an average price target of $292.25.

Workday Price Performance

Shares of NASDAQ WDAY opened at $262.06 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 4.79 and a beta of 1.34. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The stock has a fifty day simple moving average of $261.18 and a two-hundred day simple moving average of $248.68.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The business 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 firm’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value 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. This represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now owns 60,000 shares in the company, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 in the last quarter. 20.00% of the stock is owned by insiders.

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.