OneAscent Wealth Management LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

OneAscent Wealth Management LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,016 shares of the software maker’s stock, valued at approximately $262,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Roxbury Financial LLC purchased a new stake in shares of Workday during the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of Workday during the fourth quarter worth $26,000. Avion Wealth lifted 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 during the last quarter. TCTC Holdings LLC acquired a new stake in shares of Workday during the 4th quarter worth approximately $35,000. Finally, True Wealth Design LLC lifted its holdings in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 2.5 %

Shares of WDAY opened at $238.49 on Friday. The business’s 50-day moving average price is $256.67 and its 200 day moving average price is $254.83. 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 $63.44 billion, a P/E ratio of 39.55, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last released its 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 firm had revenue of $2.21 billion during 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%. Analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s 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 transaction, the insider now owns 172,000 shares in the company, valued at $45,021,000. This represents a 24.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the sale, the director now owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 487,145 shares of company stock valued at $123,289,438 in the last three months. 20.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WDAY shares. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Royal Bank of Canada upped their target price on shares of Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price target on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

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.