1,427 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Rovin Capital UT ADV

Rovin Capital UT ADV acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the third quarter, Holdings Channel reports. The fund acquired 1,427 shares of the software maker’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Crewe Advisors LLC bought a new position in shares of Workday in the first quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in Workday during the third quarter worth about $26,000. SouthState Corp grew its stake in Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after buying an additional 129 shares in the last quarter. Pacific Center for Financial Services increased its holdings in Workday by 57.0% in the 1st quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock valued at $43,000 after buying an additional 57 shares during the period. Finally, Goodman Advisory Group LLC acquired a new position in shares of Workday in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Loop Capital raised their target price on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. KeyCorp raised their price objective on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.04.

Workday Price Performance

Workday stock opened at $256.54 on Friday. The stock’s 50 day moving average is $245.75 and its 200 day moving average is $236.07. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The firm has a market cap of $67.98 billion, a P/E ratio of 44.69, a P/E/G ratio of 5.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business earned $0.40 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. As a group, research analysts expect that Workday, Inc. will post 2.4 EPS for the current year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.32, for a total value of $1,952,400.00. Following the transaction, the director now directly owns 97,500 shares in the company, valued at approximately $25,381,200. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock worth $91,506,897 over the last quarter. Company insiders own 20.00% of the company’s stock.

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.