Chicago Capital LLC Increases Stock Position in Workday, Inc. (NASDAQ:WDAY)

Chicago Capital LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,575 shares of the software maker’s stock after purchasing an additional 2,964 shares during the quarter. Workday makes up 1.6% of Chicago Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Chicago Capital LLC owned about 0.09% of Workday worth $59,288,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC raised its position in Workday by 4.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock worth $281,000 after buying an additional 43 shares during the last quarter. Diversified Trust Co boosted its position in shares of Workday by 1.0% during the 2nd quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock worth $1,080,000 after purchasing an additional 47 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in shares of Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after purchasing an additional 47 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after purchasing an additional 48 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Workday stock opened at $244.48 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a 50 day moving average price of $245.21 and a 200 day moving average price of $238.00. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 4.85 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.07 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts predict that Workday, Inc. will post 2.4 earnings per share for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock valued at $91,506,897 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “sell” rating and issued a $190.00 target price on shares of Workday in a report on Tuesday, June 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. DA Davidson raised their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

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.