Toth Financial Advisory Corp Has $382,000 Position in Workday, Inc. (NASDAQ:WDAY)

Toth Financial Advisory Corp lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 48.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,400 shares of the software maker’s stock after selling 1,325 shares during the period. Toth Financial Advisory Corp’s holdings in Workday were worth $382,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Workday by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock valued at $3,988,549,000 after buying an additional 437,215 shares during the last quarter. Norges Bank acquired a new position in shares of Workday during the fourth quarter valued at about $1,491,149,000. Wellington Management Group LLP raised its position in shares of Workday by 37.4% during the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after buying an additional 1,406,153 shares during the last quarter. Morgan Stanley raised its position in shares of Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after buying an additional 872,288 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Workday by 8.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,629,780 shares of the software maker’s stock valued at $564,976,000 after buying an additional 206,112 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

WDAY opened at $223.56 on Friday. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28. The stock has a market capitalization of $59.24 billion, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 5.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The company’s 50 day simple moving average is $232.50 and its 200-day simple moving average is $263.31.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that Workday, Inc. will post 2.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on WDAY shares. Stifel Nicolaus dropped their price target on shares of Workday from $290.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 24th. Oppenheimer dropped their price target on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Wells Fargo & Company dropped their price target on shares of Workday from $325.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. BMO Capital Markets dropped their price target on shares of Workday from $338.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Finally, Piper Sandler dropped their price target on shares of Workday from $330.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $282.11.

Insider Buying and Selling at Workday

In other Workday news, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Workday news, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the sale, the insider now directly owns 66,356 shares in the company, valued at $17,797,342.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the sale, the insider now owns 730,000 shares in the company, valued at $159,563,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 448,713 shares of company stock valued at $109,278,793. 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.