Larson Financial Group LLC Has $228,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Larson Financial Group LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 885 shares of the software maker’s stock after buying an additional 131 shares during the quarter. Larson Financial Group LLC’s holdings in Workday were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of Workday during the 4th quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in Workday during the third quarter worth about $26,000. Crews Bank & Trust bought a new position in Workday during the fourth quarter worth about $26,000. Avion Wealth increased its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent research reports. Morgan Stanley lowered shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $330.00 to $275.00 in a research report on Wednesday, February 19th. Barclays lowered their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, February 26th. Bank of America decreased their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup decreased their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Stock Down 0.0 %

NASDAQ:WDAY opened at $242.93 on Wednesday. The firm’s 50 day simple moving average is $257.71 and its 200 day simple moving average is $255.90. 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 one year low of $199.81 and a one year high of $294.00. The company has a market cap of $64.62 billion, a PE ratio of 40.29, a P/E/G ratio of 3.55 and a beta of 1.38.

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

Insider Transactions at Workday

In other news, Director Wayne A.I. Frederick sold 1,829 shares of the business’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 owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the transaction, the insider now owns 284,000 shares in the company, valued at $78,188,040. This trade represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,829 shares of company stock worth $113,033,319. Company insiders own 20.00% of the company’s stock.

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.