TD Private Client Wealth LLC Grows Holdings in Workday, Inc. (NASDAQ:WDAY)

TD Private Client Wealth LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,169 shares of the software maker’s stock after acquiring an additional 260 shares during the quarter. TD Private Client Wealth LLC’s holdings in Workday were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Simplicity Wealth LLC grew its position in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after purchasing an additional 37 shares during the period. Marcum Wealth LLC lifted its stake in Workday by 4.4% in the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after buying an additional 41 shares in the last quarter. Custom Index Systems LLC increased its stake in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after buying an additional 41 shares in the last quarter. AllSquare Wealth Management LLC raised its holdings in shares of Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after acquiring an additional 41 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Workday by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after acquiring an additional 43 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of WDAY stock opened at $249.49 on Monday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The firm has a 50 day moving average of $256.76 and a two-hundred day moving average of $255.09. 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 stock has a market capitalization of $66.36 billion, a PE ratio of 41.37, a P/E/G ratio of 3.55 and a beta of 1.38.

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

Analyst Ratings Changes

Several brokerages recently commented on WDAY. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, February 26th. The Goldman Sachs Group upped their target price on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Loop Capital raised their price target on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price objective on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Piper Sandler raised their target price on shares of Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $261.75, for a total value of $14,658,000.00. Following the sale, the insider now directly owns 172,000 shares of the company’s stock, valued at $45,021,000. This trade represents a 24.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 417,001 shares of company stock valued at $105,735,200 over the last 90 days. 20.00% of the stock is owned by corporate insiders.

About Workday

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.