New York Life Investment Management LLC Purchases 678 Shares of Workday, Inc. (NASDAQ:WDAY)

New York Life Investment Management LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,078 shares of the software maker’s stock after buying an additional 678 shares during the quarter. New York Life Investment Management LLC’s holdings in Workday were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its stake in Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after acquiring an additional 3,260 shares during the period. Morgan Stanley raised its position in shares of Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the period. QRG Capital Management Inc. bought a new stake in shares of Workday in the third quarter valued at approximately $345,000. Assenagon Asset Management S.A. raised its position in shares of Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after purchasing an additional 103,171 shares during the period. Finally, Mariner LLC raised its position in shares of Workday by 21.1% in the third quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock valued at $6,081,000 after purchasing an additional 4,927 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 over the last three months. 21.09% of the stock is owned by company insiders.

Workday Stock Performance

NASDAQ WDAY opened at $249.43 on Wednesday. The company has a 50-day simple moving average of $266.02 and a two-hundred day simple moving average of $266.06. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The firm has a market cap of $65.85 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 6.39 and a beta of 1.33. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the business posted ($0.14) EPS. Workday’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on WDAY shares. Wells Fargo & Company boosted their price target on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $330.00 price target on shares of Workday in a research report on Monday, February 26th. Citigroup increased their price target on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average target price of $293.61.

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.