Darwin Wealth Management LLC Has $2.84 Million Position in Workday, Inc. (NASDAQ:WDAY)

Darwin Wealth Management LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 82.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,622 shares of the software maker’s stock after buying an additional 5,256 shares during the quarter. Darwin Wealth Management LLC’s holdings in Workday were worth $2,841,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Workday in the third quarter valued at $26,000. Crewe Advisors LLC bought a new stake in shares of Workday in the 1st quarter worth about $27,000. SouthState Corp increased its position in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after purchasing an additional 129 shares in the last quarter. Goodman Advisory Group LLC bought a new position in Workday during the 2nd quarter valued at about $35,000. Finally, Meeder Asset Management Inc. boosted its position in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research analyst reports. Loop Capital lifted their target price on shares of Workday from $255.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Citigroup cut their price objective on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Wells Fargo & Company increased their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Thursday, September 19th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.46.

Workday Trading Up 0.2 %

Shares of NASDAQ WDAY opened at $259.90 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company’s fifty day moving average is $246.94 and its 200-day moving average is $236.57. The stock has a market cap of $68.87 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 5.15 and a beta of 1.35.

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

Insider Transactions at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 102,997 shares in the company, valued at $26,902,816.40. The trade was a 39.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

Workday 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.