1,023 Shares in Workday, Inc. (NASDAQ:WDAY) Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,023 shares of the software maker’s stock, valued at approximately $264,000.

A number of other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Workday during the 3rd quarter worth approximately $2,289,000. Anchor Investment Management LLC increased its position in shares of Workday by 6.1% during the third quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock worth $1,552,000 after purchasing an additional 368 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Workday during the 3rd quarter valued at $4,893,000. Tidal Investments LLC lifted its holdings in shares of Workday by 43.8% during the 3rd quarter. Tidal Investments LLC now owns 13,546 shares of the software maker’s stock valued at $3,311,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Workday by 5.7% in the 3rd quarter. Synovus Financial Corp now owns 19,590 shares of the software maker’s stock worth $4,788,000 after purchasing an additional 1,051 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Workday

In related news, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is owned by company insiders.

Workday Trading Up 5.3 %

WDAY stock opened at $236.87 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company’s 50-day simple moving average is $241.26 and its 200-day simple moving average is $251.77. The firm has a market cap of $63.01 billion, a P/E ratio of 39.28, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY) last issued its quarterly 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 business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WDAY shares. Daiwa America upgraded Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Monday, March 24th. Morgan Stanley dropped their target price on shares of Workday from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada raised their price target on shares of Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Guggenheim reissued a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.86.

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.