Avantax Advisory Services Inc. Has $798,000 Position in Workday, Inc. (NASDAQ:WDAY)

Avantax Advisory Services Inc. grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,890 shares of the software maker’s stock after purchasing an additional 644 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Workday were worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its holdings in Workday by 8.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,111 shares of the software maker’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. Ieq Capital LLC boosted its stake in shares of Workday by 21.1% in the 4th quarter. Ieq Capital LLC now owns 16,942 shares of the software maker’s stock valued at $4,677,000 after purchasing an additional 2,955 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Workday during the fourth quarter worth $218,000. USA Financial Formulas raised its stake in Workday by 354.0% during the fourth quarter. USA Financial Formulas now owns 5,743 shares of the software maker’s stock worth $1,585,000 after buying an additional 4,478 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Workday by 3.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,378 shares of the software maker’s stock valued at $3,141,000 after buying an additional 425 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now owns 105,000 shares of the company’s stock, valued at approximately $28,404,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total value of $1,352,600.00. Following the sale, the director now owns 105,000 shares of the company’s stock, valued at $28,404,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,691 shares of company stock valued at $117,731,569. Company insiders own 20.00% of the company’s stock.

Workday Trading Up 0.6 %

NASDAQ WDAY opened at $259.50 on Tuesday. The business’s fifty day moving average is $261.56 and its 200-day moving average is $268.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $68.51 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 7.69 and a beta of 1.33. Workday, Inc. has a one year low of $191.04 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WDAY shares. Needham & Company LLC increased their price target on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Bank of America dropped their price target on Workday from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Piper Sandler reaffirmed an “overweight” rating and set a $330.00 price objective on shares of Workday in a research report on Monday, February 26th. UBS Group dropped their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Finally, BMO Capital Markets increased their target price on shares of Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $296.64.

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.