Kolinsky Wealth Management LLC Purchases Shares of 846 Workday, Inc. (NASDAQ:WDAY)

Kolinsky Wealth Management LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 846 shares of the software maker’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Workday by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after purchasing an additional 43 shares during the period. Diversified Trust Co boosted its stake in Workday by 1.0% during the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after purchasing an additional 47 shares during the period. Opal Wealth Advisors LLC grew its holdings in Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock valued at $231,000 after buying an additional 47 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after buying an additional 48 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 1.3 %

Shares of WDAY opened at $249.99 on Friday. The company has a market capitalization of $66.25 billion, a P/E ratio of 41.46, a PEG ratio of 5.03 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business’s 50 day simple moving average is $248.77 and its 200-day simple moving average is $237.46. 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 announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares in the company, valued at $68,004,810. The trade was a 16.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at $22,990,500. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 359,954 shares of company stock valued at $88,742,132. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several research reports. Loop Capital reduced their price objective on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday. Scotiabank started coverage on shares of Workday in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. Finally, Morgan Stanley boosted their price target on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $288.14.

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.