Lindbrook Capital LLC Raises Position in Workday, Inc. (NASDAQ:WDAY)

Lindbrook Capital LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 570 shares of the software maker’s stock after buying an additional 66 shares during the period. Lindbrook Capital LLC’s holdings in Workday were worth $157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its position in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC boosted its position in Workday by 1,750.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after buying an additional 105 shares during the period. CVA Family Office LLC acquired a new stake in shares of Workday in the 4th quarter valued at $33,000. VisionPoint Advisory Group LLC raised its holdings in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new stake in shares of Workday in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WDAY shares. The Goldman Sachs Group raised their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Piper Sandler restated an “overweight” rating and issued a $330.00 price objective on shares of Workday in a report on Monday, February 26th. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Tuesday, February 27th. Citigroup raised their price objective on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, UBS Group reduced their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Activity

In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the sale, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Douglas A. Robinson sold 411 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the sale, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the sale, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 over the last quarter. Corporate insiders own 21.09% of the company’s stock.

Workday Stock Up 1.3 %

Shares of NASDAQ:WDAY opened at $256.82 on Wednesday. The company has a market cap of $67.80 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 6.33 and a beta of 1.32. The firm’s 50-day simple moving average is $276.48 and its 200-day simple moving average is $263.66. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

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.