846 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 846 shares of the software maker’s stock, valued at approximately $207,000.

Several other large investors have also recently bought and sold shares of WDAY. Ironwood Investment Counsel LLC grew its holdings in shares of Workday by 3.6% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 16,161 shares of the software maker’s stock valued at $3,950,000 after buying an additional 569 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Workday by 49.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 347,625 shares of the software maker’s stock worth $84,963,000 after acquiring an additional 115,696 shares in the last quarter. Circle Wealth Management LLC grew its stake in Workday by 5.6% in the third quarter. Circle Wealth Management LLC now owns 5,853 shares of the software maker’s stock valued at $1,431,000 after acquiring an additional 308 shares during the period. Fred Alger Management LLC bought a new stake in shares of Workday in the third quarter worth about $56,000. Finally, Eventide Asset Management LLC raised its position in shares of Workday by 11.1% during the third quarter. Eventide Asset Management LLC now owns 107,510 shares of the software maker’s stock worth $26,277,000 after purchasing an additional 10,723 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WDAY shares. Morgan Stanley boosted their price objective on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup reduced their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. DA Davidson raised their price objective on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Loop Capital cut their price objective on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.14.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares of the company’s stock, valued at approximately $20,228,745.10. The trade was a 3.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the company’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 owns 102,997 shares in the company, valued at approximately $26,902,816.40. This trade represents a 39.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 359,954 shares of company stock worth $88,742,132. 20.00% of the stock is owned by company insiders.

Workday Stock Performance

Shares of WDAY opened at $249.99 on Friday. The company has a market cap of $66.25 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 5.03 and a beta of 1.35. The firm has a 50-day moving average of $248.77 and a 200-day moving average of $237.46. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. 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 (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current year.

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.