Workday, Inc. (NASDAQ:WDAY) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its position in Workday, Inc. (NASDAQ:WDAY) by 42.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,470 shares of the software maker’s stock after acquiring an additional 1,330 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Workday were worth $999,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WDAY. Norges Bank acquired a new position in Workday in the 4th quarter valued at about $1,491,149,000. Van ECK Associates Corp grew its position in Workday by 17,345.2% in the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after acquiring an additional 925,366 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Workday by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock worth $3,988,549,000 after buying an additional 437,215 shares in the last quarter. Kodai Capital Management LP acquired a new position in shares of Workday during the fourth quarter worth about $85,994,000. Finally, Sustainable Growth Advisers LP grew its position in shares of Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after buying an additional 301,463 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Workday stock opened at $250.05 on Friday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50 day simple moving average of $235.24 and a 200-day simple moving average of $243.74. The stock has a market capitalization of $66.26 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 5.40 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts predict that Workday, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. KeyCorp boosted their price objective on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Loop Capital boosted their price objective on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Piper Sandler boosted their price objective on Workday from $262.00 to $285.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Barclays boosted their price objective on Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $288.15.

Insider Buying and Selling

In related news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the transaction, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $23,059,998.33. The disclosure for this sale can be found here. Insiders have sold 466,402 shares of company stock valued at $107,992,034 over the last quarter. Company insiders own 20.00% of the company’s stock.

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.