Duncan Williams Asset Management LLC Has $685,000 Position in Workday, Inc. (NASDAQ:WDAY)

Duncan Williams Asset Management LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,653 shares of the software maker’s stock after purchasing an additional 323 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Workday were worth $685,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WDAY. B.O.S.S. Retirement Advisors LLC bought a new position in Workday in the 4th quarter worth $1,084,000. Linden Thomas Advisory Services LLC grew its position in shares of Workday by 9.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,127 shares of the software maker’s stock valued at $2,097,000 after purchasing an additional 688 shares during the last quarter. Fifth Third Bancorp boosted its stake in Workday by 4.8% during the 4th quarter. Fifth Third Bancorp now owns 9,251 shares of the software maker’s stock valued at $2,387,000 after purchasing an additional 423 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Workday by 198.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 544 shares of the software maker’s stock valued at $140,000 after buying an additional 362 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Workday in the 4th quarter worth approximately $230,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Royal Bank of Canada lifted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a report on Wednesday, November 27th. Finally, Bank of America lowered their price objective on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

Workday Stock Up 1.2 %

Shares of WDAY stock opened at $258.28 on Friday. The firm’s fifty day moving average price is $260.91 and its two-hundred day moving average price is $247.59. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $68.70 billion, a P/E ratio of 42.83, a PEG ratio of 4.58 and a beta of 1.34.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total value of $15,692,670.00. Following the transaction, the insider now directly owns 284,000 shares in the company, valued at $78,188,040. The trade was a 16.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock worth $113,142,592 over the last quarter. 20.00% of the stock is currently owned by insiders.

Workday Company 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.