OneAscent Wealth Management LLC Purchases Shares of 1,016 Workday, Inc. (NASDAQ:WDAY)

OneAscent Wealth Management LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,016 shares of the software maker’s stock, valued at approximately $262,000.

Several other large investors have also modified their holdings of WDAY. Allstate Corp purchased a new position in shares of Workday during the fourth quarter worth about $1,628,000. Brown Brothers Harriman & Co. increased its position in Workday by 316.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,598 shares of the software maker’s stock worth $670,000 after buying an additional 1,974 shares during the period. Ramirez Asset Management Inc. purchased a new stake in Workday in the fourth quarter valued at approximately $155,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Workday by 4.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 81,489 shares of the software maker’s stock valued at $21,027,000 after acquiring an additional 3,333 shares during the period. Finally, Norges Bank purchased a new position in shares of Workday during the fourth quarter worth approximately $645,710,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 2.5 %

Shares of Workday stock opened at $238.49 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. 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 has a 50 day moving average price of $256.67 and a 200 day moving average price of $254.83. The company has a market capitalization of $63.44 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 19.86% and a return on equity of 6.13%. Sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This represents a 21.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 487,145 shares of company stock valued at $123,289,438 in the last ninety days. Insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of a number of recent research reports. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. Piper Sandler lifted their target price on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Scotiabank cut their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $300.36.

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.