Copperwynd Financial LLC Purchases 326 Shares of Workday, Inc. (NASDAQ:WDAY)

Copperwynd Financial LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 9.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,968 shares of the software maker’s stock after acquiring an additional 326 shares during the quarter. Copperwynd Financial LLC’s holdings in Workday were worth $1,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Roxbury Financial LLC bought a new position in Workday in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new position in Workday in the 4th quarter worth about $26,000. Avion Wealth boosted its stake in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the period. Meeder Asset Management Inc. boosted its stake 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 during the period. Finally, New Millennium Group LLC boosted its stake in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of Workday stock opened at $244.17 on Friday. 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 business’s 50 day simple moving average is $256.91 and its two-hundred day simple moving average is $255.56. The stock has a market capitalization of $64.95 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,215,826.41. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised their target price on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Bank of America dropped their price target on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, February 26th. Finally, Citigroup dropped their price target on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $302.14.

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.