Prospera Financial Services Inc Buys 6,838 Shares of Workday, Inc. $WDAY

Prospera Financial Services Inc grew its stake in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 114.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,836 shares of the software maker’s stock after acquiring an additional 6,838 shares during the period. Prospera Financial Services Inc’s holdings in Workday were worth $2,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new stake in shares of Workday during the second quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday in the third quarter worth approximately $26,000. LRI Investments LLC bought a new position in shares of Workday in the fourth quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in shares of Workday in the third quarter worth approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Workday in the fourth quarter worth approximately $36,000. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on WDAY shares. BMO Capital Markets restated an “outperform” rating on shares of Workday in a research report on Friday. William Blair upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, May 22nd. BTIG Research restated a “buy” rating and issued a $175.00 price objective on shares of Workday in a research report on Monday, May 18th. Mizuho decreased their price objective on shares of Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Robert W. Baird set a $195.00 price objective on shares of Workday in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.03.

Read Our Latest Research Report on Workday

Workday Stock Down 3.2%

Shares of WDAY opened at $124.02 on Wednesday. The firm has a market cap of $31.87 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.24 and a beta of 1.04. The stock has a 50 day simple moving average of $125.61 and a two-hundred day simple moving average of $167.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.32. Workday, Inc. has a 1 year low of $110.36 and a 1 year high of $257.09.

Workday (NASDAQ:WDAYGet Free Report) last issued its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. On average, analysts forecast that Workday, Inc. will post 5.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workday news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the sale, the chief financial officer owned 217,930 shares of the company’s stock, valued at $27,942,984.60. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,373 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $129.41, for a total value of $695,319.93. Following the completion of the sale, the insider directly owned 165,414 shares of the company’s stock, valued at approximately $21,406,225.74. This represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 989,814 shares of company stock valued at $131,576,291 over the last 90 days. Company insiders own 18.64% of the company’s stock.

About Workday

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAYFree Report).

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

Receive News & Ratings for Workday Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workday and related companies with MarketBeat.com's FREE daily email newsletter.