First Bank & Trust Increases Stock Position in Workday, Inc. (NASDAQ:WDAY)

First Bank & Trust raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,029 shares of the software maker’s stock after buying an additional 1,989 shares during the quarter. First Bank & Trust’s holdings in Workday were worth $1,556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in shares of Workday during the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Workday during the third quarter valued at $26,000. Crews Bank & Trust bought a new position in shares of Workday during the fourth quarter valued at $26,000. Avion Wealth increased its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Down 1.7 %

WDAY stock opened at $261.10 on Thursday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $69.45 billion, a P/E ratio of 43.30, a PEG ratio of 3.62 and a beta of 1.35. The business’s 50-day moving average price is $261.36 and its 200-day moving average price is $252.47.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total value of $15,692,670.00. Following the transaction, the insider now directly owns 284,000 shares of the company’s stock, valued at approximately $78,188,040. The trade was a 16.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 438,819 shares of company stock valued at $113,142,592. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDAY. Citigroup reduced their price target on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Mizuho raised their price target on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Redburn Atlantic initiated coverage on Workday in a report on Wednesday. They set a “neutral” rating for the company. BNP Paribas upgraded Workday to a “strong-buy” rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $291.11.

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.