ORG Partners LLC Purchases 104 Shares of Workday, Inc. (NASDAQ:WDAY)

ORG Partners LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,760 shares of the software maker’s stock after buying an additional 104 shares during the period. ORG Partners LLC’s holdings in Workday were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in Workday in the second quarter worth approximately $65,000. Wedbush Securities Inc. raised its position in shares of Workday by 18.4% in the 2nd quarter. Wedbush Securities Inc. now owns 2,390 shares of the software maker’s stock worth $534,000 after acquiring an additional 371 shares in the last quarter. BOKF NA lifted its stake in shares of Workday by 67.3% during the 2nd quarter. BOKF NA now owns 4,096 shares of the software maker’s stock worth $916,000 after purchasing an additional 1,648 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in Workday by 42.4% during the second quarter. Meeder Advisory Services Inc. now owns 4,470 shares of the software maker’s stock valued at $999,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in Workday in the second quarter valued at about $2,142,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WDAY. JMP Securities reissued a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Piper Sandler restated a “neutral” rating and issued a $270.00 target price (down from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Monday, November 25th. Oppenheimer reissued an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

Workday Stock Down 2.0 %

Shares of WDAY opened at $249.71 on Friday. The company has a market capitalization of $66.42 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 5.04 and a beta of 1.34. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The stock’s 50-day moving average price is $262.56 and its 200-day moving average price is $245.72. 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 released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping 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 quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, sell-side analysts predict that Workday, Inc. will post 2.58 EPS for the current year.

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. This represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 438,347 shares of company stock valued at $112,778,463. Corporate insiders own 20.00% of the company’s stock.

About Workday

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.