Colonial Trust Co SC Raises Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Colonial Trust Co SC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 223.7% in the fourth quarter, HoldingsChannel reports. The firm owned 450 shares of the software maker’s stock after buying an additional 311 shares during the quarter. Colonial Trust Co SC’s holdings in Workday were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WDAY. Bristlecone Advisors LLC raised its position in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Workday in the 4th quarter valued at $369,000. Smith Group Asset Management LLC lifted its stake in shares of Workday by 9.4% during the 4th quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker’s stock worth $28,129,000 after purchasing an additional 9,324 shares during the period. Swedbank AB boosted its holdings in shares of Workday by 17.7% during the fourth quarter. Swedbank AB now owns 97,529 shares of the software maker’s stock worth $25,165,000 after purchasing an additional 14,682 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Workday in the fourth quarter valued at $8,984,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of research analyst reports. Mizuho decreased their price target on Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Redburn Atlantic initiated coverage on shares of Workday in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. Piper Sandler decreased their price target on shares of Workday from $290.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley dropped their price objective on Workday from $275.00 to $250.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.62.

Insider Buying and Selling at Workday

In related news, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company’s stock, valued at $29,556,522. This represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock worth $77,976,126 over the last quarter. 19.31% of the stock is owned by corporate insiders.

Workday Stock Up 3.0 %

WDAY stock opened at $258.08 on Friday. The company has a market capitalization of $68.65 billion, a P/E ratio of 42.80, a PEG ratio of 3.55 and a beta of 1.30. The firm has a 50 day simple moving average of $238.38 and a 200-day simple moving average of $252.07. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.