750 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Marcum Wealth LLC

Marcum Wealth LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAYFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 750 shares of the software maker’s stock, valued at approximately $207,000.

Other large investors have also made changes to their positions in the company. RB Capital Management LLC lifted its stake in Workday by 2.8% in the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock valued at $662,000 after purchasing an additional 76 shares during the last quarter. Private Advisor Group LLC lifted its stake in Workday by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock valued at $601,000 after purchasing an additional 265 shares during the last quarter. MetLife Investment Management LLC bought a new position in Workday in the 1st quarter valued at approximately $2,974,000. Yousif Capital Management LLC lifted its stake in Workday by 2.7% in the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after purchasing an additional 74 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Workday by 10.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock valued at $812,000 after purchasing an additional 316 shares during the last quarter. Institutional investors and hedge funds own 68.46% of the company’s stock.

Insider Activity at Workday

In related news, CEO Aneel Bhusri sold 3,335 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $265.89, for a total transaction of $886,743.15. Following the completion of the transaction, the chief executive officer now owns 546,670 shares of the company’s stock, valued at $145,354,086.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder David A. Duffield sold 65,524 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $265.66, for a total transaction of $17,407,105.84. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,362,183.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aneel Bhusri sold 3,335 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $265.89, for a total transaction of $886,743.15. Following the sale, the chief executive officer now owns 546,670 shares of the company’s stock, valued at $145,354,086.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 407,484 shares of company stock valued at $111,121,141. Corporate insiders own 21.09% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $276.41 on Thursday. The company’s 50 day moving average is $288.06 and its 200-day moving average is $257.64. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The firm has a market cap of $72.97 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 6.57 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. Sell-side analysts predict that Workday, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WDAY. Citigroup raised their price target on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Needham & Company LLC raised their price target on shares of Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Canaccord Genuity Group raised their price target on shares of Workday from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Wells Fargo & Company raised their price target on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Finally, Guggenheim reaffirmed a “sell” rating and set a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $293.61.

Read Our Latest Research Report on WDAY

About Workday

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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