PKO Investment Management Joint Stock Co Purchases New Position in Workday, Inc. $WDAY

PKO Investment Management Joint Stock Co acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, HoldingsChannel reports. The firm acquired 7,500 shares of the software maker’s stock, valued at approximately $1,805,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rakuten Securities Inc. bought a new position in Workday in the 2nd quarter valued at $25,000. Berbice Capital Management LLC raised its position in shares of Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after acquiring an additional 75 shares during the period. Golden State Wealth Management LLC boosted its stake in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after acquiring an additional 133 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Workday during the 2nd quarter worth approximately $41,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Workday in the 2nd quarter valued at $42,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the transaction, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 370,321 shares of company stock worth $78,866,401. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $207.91 on Tuesday. Workday, Inc. has a twelve month low of $202.22 and a twelve month high of $283.68. The firm has a market capitalization of $54.68 billion, a PE ratio of 87.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $219.25 and its 200 day simple moving average is $228.15.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on WDAY shares. Piper Sandler raised Workday from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Rosenblatt Securities began coverage on shares of Workday in a research note on Tuesday, December 2nd. They issued a “neutral” rating and a $235.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Workday from $255.00 to $235.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Finally, Raymond James Financial started coverage on shares of Workday in a research report on Friday, November 21st. They set a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $278.09.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.