Toronto Dominion Bank Purchases 83,371 Shares of Workday, Inc. (NASDAQ:WDAY)

Toronto Dominion Bank boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 274.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,761 shares of the software maker’s stock after acquiring an additional 83,371 shares during the period. Toronto Dominion Bank’s holdings in Workday were worth $29,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC lifted its position in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after purchasing an additional 37 shares during the period. Custom Index Systems LLC boosted its position in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after acquiring an additional 41 shares in the last quarter. AllSquare Wealth Management LLC increased its holdings in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after acquiring an additional 41 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock worth $745,000 after purchasing an additional 43 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its position in Workday by 3.2% during the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock valued at $385,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.6%

Shares of WDAY stock opened at $273.05 on Monday. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a market capitalization of $72.63 billion, a P/E ratio of 45.28, a PEG ratio of 3.55 and a beta of 1.30. The stock’s fifty day moving average is $240.57 and its two-hundred day moving average is $253.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. The trade was a 39.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 in the last ninety days. 19.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on WDAY shares. Royal Bank of Canada increased their price target on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Piper Sandler cut 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. DA Davidson decreased their price objective on Workday from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Finally, Mizuho reduced their target price on Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $293.62.

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.