AMS Capital Ltda Purchases 12,111 Shares of Workday, Inc. (NASDAQ:WDAY)

AMS Capital Ltda raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 84.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,386 shares of the software maker’s stock after purchasing an additional 12,111 shares during the period. Workday makes up approximately 2.5% of AMS Capital Ltda’s investment portfolio, making the stock its 14th biggest position. AMS Capital Ltda’s holdings in Workday were worth $6,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDAY. Simplicity Wealth LLC boosted its stake 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 valued at $330,000 after purchasing an additional 37 shares in the last quarter. AllSquare Wealth Management LLC raised its position in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after purchasing an additional 43 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Workday by 3.2% during the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock worth $385,000 after purchasing an additional 46 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Workday by 3.0% during the fourth quarter. Focus Financial Network Inc. now owns 1,706 shares of the software maker’s stock worth $440,000 after purchasing an additional 50 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.7%

Workday stock opened at $249.48 on Thursday. The company has a market capitalization of $66.36 billion, a PE ratio of 41.37, a PEG ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm’s fifty day moving average is $241.89 and its 200 day moving average is $253.15. 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 (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.74 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WDAY shares. JPMorgan Chase & Co. dropped their price objective on shares of Workday from $310.00 to $295.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Daiwa America raised shares of Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Scotiabank cut their price target on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Jefferies Financial Group reduced their price objective on shares of Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $255.00 target price (up from $230.00) on shares of Workday in a research report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $293.54.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total value of $1,809,975.00. Following the transaction, the director now directly owns 75,000 shares in the company, valued at $18,099,750. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 15,000 shares of Workday stock in a transaction on Friday, March 14th. The shares were sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the completion of the sale, the insider now directly owns 45,000 shares of the company’s stock, valued at approximately $10,942,650. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,338 shares of company stock worth $59,875,701 in the last three months. Company insiders own 19.31% of the company’s stock.

About Workday

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.