PUREfi Wealth LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

PUREfi Wealth LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,545 shares of the software maker’s stock, valued at approximately $399,000.

Several other hedge funds also recently bought and sold shares of the stock. ABC Arbitrage SA purchased a new stake in shares of Workday in the fourth quarter valued at $1,397,000. New Mexico Educational Retirement Board purchased a new stake in shares of Workday in the fourth quarter valued at $2,658,000. Bank Pictet & Cie Europe AG grew its position in shares of Workday by 24.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock valued at $793,000 after purchasing an additional 595 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Workday by 5.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,860 shares of the software maker’s stock valued at $480,000 after purchasing an additional 103 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of Workday by 35.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 7,068 shares of the software maker’s stock valued at $1,824,000 after purchasing an additional 1,857 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 over the last three months. 20.00% of the stock is owned by insiders.

Analysts Set New Price Targets

WDAY has been the subject of a number of research reports. Loop Capital lowered their price target on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Piper Sandler reissued a “neutral” rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Mizuho boosted their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Bank of America lowered 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.43.

Workday Stock Down 0.8 %

Shares of Workday stock opened at $258.05 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $68.64 billion, a P/E ratio of 42.79, a P/E/G ratio of 3.78 and a beta of 1.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The business has a 50-day moving average price of $262.30 and a 200 day moving average price of $251.24.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. On average, 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.