Linden Thomas Advisory Services LLC Grows Holdings in Workday, Inc. (NASDAQ:WDAY)

Linden Thomas Advisory Services LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,127 shares of the software maker’s stock after buying an additional 688 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Workday were worth $2,097,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Workday during the third quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its stake in 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 buying an additional 43 shares during the last quarter. True Wealth Design LLC boosted its holdings in Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares in the last quarter. New Millennium Group LLC grew its stake in shares of Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after acquiring an additional 94 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in shares of Workday during the second quarter valued at $35,000. Institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WDAY shares. Piper Sandler reiterated a “neutral” rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Oppenheimer restated an “outperform” rating and issued a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Loop Capital cut their target price on Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $292.25.

Workday Trading Up 1.2 %

Shares of WDAY stock opened at $258.28 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $68.70 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The stock’s 50-day moving average price is $260.91 and its 200-day moving average price is $247.59.

Workday (NASDAQ:WDAY) last posted its earnings results 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 net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm posted $0.47 earnings per share. Workday’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.