EULAV Asset Management Buys 1,000 Shares of Workday, Inc. (NASDAQ:WDAY)

EULAV Asset Management lifted its position in Workday, Inc. (NASDAQ:WDAY) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,000 shares of the software maker’s stock after acquiring an additional 1,000 shares during the quarter. EULAV Asset Management’s holdings in Workday were worth $9,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Workday during the third quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in Workday during the first quarter valued at about $27,000. SouthState Corp lifted its stake in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Workday during the second quarter worth $35,000. Finally, 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. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on WDAY. JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Barclays lifted their target price on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $285.00 price target on shares of Workday in a research report on Wednesday, September 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $289.46.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This trade represents a 39.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares in the company, valued at approximately $20,228,745.10. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by corporate insiders.

Workday Price Performance

Shares of WDAY stock opened at $259.90 on Wednesday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $246.94 and a two-hundred day simple moving average of $236.57. The stock has a market capitalization of $68.87 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 5.15 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Workday, Inc. will post 2.4 EPS 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.