Janney Montgomery Scott LLC Buys 2,347 Shares of Workday, Inc. (NASDAQ:WDAY)

Janney Montgomery Scott LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 12.2% in the 4th quarter, HoldingsChannel reports. The firm owned 21,575 shares of the software maker’s stock after purchasing an additional 2,347 shares during the period. Janney Montgomery Scott LLC’s holdings in Workday were worth $5,567,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WDAY. Capital Performance Advisors LLP purchased a new stake in shares of Workday in the 3rd quarter valued at $26,000. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. New Millennium Group LLC boosted its stake in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after purchasing an additional 94 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Workday by 713.6% in the 3rd quarter. Fortitude Family Office LLC now owns 179 shares of the software maker’s stock valued at $44,000 after purchasing an additional 157 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 1.9 %

Shares of Workday stock opened at $265.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a 50-day moving average of $261.22 and a 200 day moving average of $248.48. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 4.58 and a beta of 1.34. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

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

Analysts Set New Price Targets

WDAY has been the subject of a number of research reports. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada increased their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Loop Capital dropped their price target on shares of Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Finally, Piper Sandler reissued a “neutral” rating and set a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.25.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 5,498 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the sale, the insider now owns 121,100 shares of the company’s stock, valued at $30,369,458. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is owned by corporate 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.