Heck Capital Advisors LLC Makes New $88,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Heck Capital Advisors LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 342 shares of the software maker’s stock, valued at approximately $88,000.

Other large investors have also made changes to their positions in the company. Marcum Wealth LLC boosted its stake in Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after purchasing an additional 41 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after buying an additional 43 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in Workday by 5.2% during the third quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after buying an additional 47 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in Workday by 1.3% in the 4th quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WDAY. Wells Fargo & Company upped their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Royal Bank of Canada upped their price objective on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Loop Capital dropped their target price on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a report on Tuesday, December 3rd. Finally, Scotiabank initiated coverage on Workday in a report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $292.25.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares of the company’s stock, valued at $30,369,458. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is currently owned by insiders.

Workday Trading Up 0.8 %

Shares of WDAY opened at $262.06 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a market capitalization of $69.71 billion, a P/E ratio of 43.46, a P/E/G ratio of 4.79 and a beta of 1.34. The firm’s 50 day simple moving average is $261.07 and its 200 day simple moving average is $248.97.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts forecast 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.