Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in Workday, Inc. (NASDAQ:WDAY) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,462 shares of the software maker’s stock after purchasing an additional 1,483 shares during the quarter. Truist Financial Corp’s holdings in Workday were worth $17,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WDAY. Roxbury Financial LLC acquired a new position in Workday in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Workday during the 3rd quarter valued at about $26,000. Crews Bank & Trust acquired a new position in shares of Workday during the 4th quarter valued at about $26,000. Avion Wealth increased its stake in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In related news, Director Wayne A.I. Frederick sold 1,829 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 438,819 shares of company stock valued at $113,142,592. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $261.10 on Thursday. The business’s 50 day moving average is $261.36 and its two-hundred day moving average is $252.47. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The firm has a market cap of $69.45 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 3.51 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion for 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%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WDAY. The Goldman Sachs Group upped their price objective on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Loop Capital upped their price objective on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a report on Thursday, February 6th. Finally, Mizuho boosted their target price on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

Workday 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.