ProShare Advisors LLC Boosts Holdings in Workday, Inc. (NASDAQ:WDAY)


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ProShare Advisors LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,192 shares of the software maker’s stock after acquiring an additional 26,943 shares during the period. ProShare Advisors LLC’s holdings in Workday were worth $37,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit X LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $86,000. Kestra Advisory Services LLC purchased a new stake in shares of Workday during the 3rd quarter worth approximately $681,000. Bainco International Investors purchased a new stake in shares of Workday during the 4th quarter worth approximately $27,000. Birchcreek Wealth Management LLC purchased a new stake in shares of Workday during the 4th quarter worth approximately $29,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Workday during the 4th quarter worth approximately $30,000. 67.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of WDAY stock opened at $269.95 on Tuesday. Workday, Inc. has a 1-year low of $107.75 and a 1-year high of $282.77. The stock’s 50-day moving average is $245.64 and its 200 day moving average is $224.89. The company has a market cap of $64.79 billion, a P/E ratio of -144.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.45 and a quick ratio of 1.45.

In related news, EVP Richard Harry Sauer sold 914 shares of the firm’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $225.67, for a total transaction of $206,262.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Duffield sold 220,952 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $226.33, for a total value of $50,008,066.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 549,873 shares of company stock worth $124,480,122. 26.51% of the stock is owned by corporate insiders.

WDAY has been the topic of several recent research reports. Loop Capital raised Workday from a “sell” rating to a “buy” rating and set a $320.00 price objective on the stock in a report on Monday, February 8th. The Goldman Sachs Group started coverage on Workday in a report on Thursday, January 21st. They set a “buy” rating and a $300.00 price target on the stock. Evercore ISI increased their price target on Workday from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler increased their price target on Workday from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Friday, November 20th. Finally, UBS Group increased their price target on Workday from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, February 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. Workday currently has a consensus rating of “Buy” and an average target price of $254.90.

Workday Profile

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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