State of Wisconsin Investment Board Buys 26,379 Shares of Workday, Inc. (NASDAQ:WDAY)
State of Wisconsin Investment Board grew its stake in Workday, Inc. (NASDAQ:WDAY – Free Report) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,799 shares of the software maker’s stock after acquiring an additional 26,379 shares during the period. State of Wisconsin Investment Board owned 0.07% of Workday worth $42,874,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of WDAY. BlackRock Inc. raised its stake in shares of Workday by 2.1% during the first quarter. BlackRock Inc. now owns 12,379,921 shares of the software maker’s stock worth $2,556,949,000 after buying an additional 260,097 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Workday by 1.2% during the first quarter. Vanguard Group Inc. now owns 12,152,961 shares of the software maker’s stock worth $2,910,149,000 after buying an additional 139,939 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Workday by 59.3% during the first quarter. JPMorgan Chase & Co. now owns 5,951,816 shares of the software maker’s stock valued at $1,229,289,000 after purchasing an additional 2,216,683 shares during the period. FMR LLC grew its holdings in Workday by 9.5% during the first quarter. FMR LLC now owns 4,469,451 shares of the software maker’s stock valued at $923,120,000 after purchasing an additional 387,018 shares during the period. Finally, State Street Corp grew its holdings in Workday by 0.5% during the second quarter. State Street Corp now owns 4,293,651 shares of the software maker’s stock valued at $969,893,000 after purchasing an additional 22,929 shares during the period. 68.46% of the stock is owned by institutional investors.
Workday Trading Up 0.9 %
NASDAQ WDAY traded up $2.53 during trading hours on Thursday, reaching $269.85. The company’s stock had a trading volume of 168,480 shares, compared to its average volume of 1,928,262. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 2.13. Workday, Inc. has a 52 week low of $157.85 and a 52 week high of $273.63. The firm has a fifty day simple moving average of $225.54 and a 200-day simple moving average of $226.83. The stock has a market cap of $70.70 billion, a P/E ratio of 1,125.00, a P/E/G ratio of 9.12 and a beta of 1.31.
Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Tuesday, November 28th. The software maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Workday had a net margin of 0.95% and a return on equity of 3.87%. Workday’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. Equities analysts forecast that Workday, Inc. will post 1.13 earnings per share for the current fiscal year.
Insider Activity
In other news, major shareholder David A. Duffield sold 108,333 shares of Workday stock in a transaction on Monday, September 11th. The shares were sold at an average price of $250.58, for a total value of $27,146,083.14. Following the completion of the sale, the insider now owns 108,333 shares in the company, valued at approximately $27,146,083.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Workday news, insider Richard Harry Sauer sold 1,411 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $267.03, for a total transaction of $376,779.33. Following the transaction, the insider now owns 88,977 shares in the company, valued at $23,759,528.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 108,333 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $250.58, for a total transaction of $27,146,083.14. Following the transaction, the insider now owns 108,333 shares in the company, valued at approximately $27,146,083.14. The disclosure for this sale can be found here. Insiders sold 137,718 shares of company stock worth $33,827,502 in the last quarter. 21.09% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Workday from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Piper Sandler increased their target price on shares of Workday from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Stifel Nicolaus increased their target price on shares of Workday from $230.00 to $250.00 and gave the stock a “hold” rating in a report on Wednesday, November 29th. KeyCorp upped their price target on shares of Workday from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Finally, Guggenheim upped their price target on shares of Workday from $142.00 to $169.00 and gave the stock a “sell” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $259.45.
Get Our Latest Analysis on Workday
Workday Profile (Free Report)
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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.
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