Moloney Securities Asset Management LLC Makes New $307,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Moloney Securities Asset Management LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,257 shares of the software maker’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Workday by 4.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock valued at $281,000 after acquiring an additional 43 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Workday by 1.0% in the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after acquiring an additional 47 shares during the last quarter. Opal Wealth Advisors LLC lifted its stake in shares of Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after acquiring an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after acquiring an additional 48 shares during the last quarter. Finally, Aspen Investment Management Inc lifted its stake in shares of Workday by 3.1% in the 2nd quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after acquiring an additional 50 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Needham & Company LLC dropped their price target on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Piper Sandler restated an “overweight” rating and issued a $285.00 price objective on shares of Workday in a report on Wednesday, September 18th. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Thursday, September 19th. Finally, Barclays increased their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $287.04.

Workday Price Performance

WDAY stock opened at $251.80 on Thursday. The stock has a market capitalization of $66.73 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 4.79 and a beta of 1.35. The company’s 50-day moving average is $245.97 and its 200-day moving average is $235.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities research analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

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.