Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 2.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,462 shares of the software maker’s stock after purchasing an additional 1,483 shares during the period. Truist Financial Corp’s holdings in Workday were worth $17,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of Workday in the third quarter worth $26,000. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter worth $26,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake 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 worth $35,000 after purchasing an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Guggenheim raised Workday from a “sell” rating to a “neutral” rating in a research note on Monday, January 6th. Oppenheimer reiterated an “outperform” rating and issued a $300.00 price target on shares of Workday in a research report on Tuesday, December 3rd. BNP Paribas upgraded Workday to a “strong-buy” rating in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada increased their price target on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $291.11.

Workday Stock Down 1.7 %

WDAY opened at $261.10 on Thursday. The business has a 50 day moving average price of $261.36 and a 200 day moving average price of $252.47. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market cap of $69.45 billion, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 3.51 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’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 approximately $14,785,200. The trade was a 48.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 in the last three months. Company insiders own 20.00% of the company’s stock.

Workday 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.