Copperwynd Financial LLC Purchases 326 Shares of Workday, Inc. (NASDAQ:WDAY)

Copperwynd Financial LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 9.0% during the 4th quarter, HoldingsChannel reports. The firm owned 3,968 shares of the software maker’s stock after acquiring an additional 326 shares during the period. Copperwynd Financial LLC’s holdings in Workday were worth $1,024,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Crews Bank & Trust bought a new stake in shares of Workday during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in Workday in the fourth quarter worth $25,000. Avion Wealth boosted its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in 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 acquiring an additional 43 shares in the last quarter. Finally, 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. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the transaction, the insider now directly owns 228,000 shares of the company’s stock, valued at approximately $60,579,600. This trade represents a 19.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock valued at $113,033,319 over the last 90 days. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Barclays dropped their target price on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Redburn Atlantic began coverage on Workday in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Loop Capital boosted their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Finally, Bank of America decreased their price target on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.14.

Workday Stock Performance

Shares of WDAY opened at $244.17 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $256.91 and a two-hundred day simple moving average of $255.56. The stock has a market cap of $64.95 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current 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.