Insigneo Advisory Services LLC Has $627,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

Insigneo Advisory Services LLC lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,687 shares of the software maker’s stock after acquiring an additional 150 shares during the period. Insigneo Advisory Services LLC’s holdings in Workday were worth $627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. Simplicity Wealth LLC raised its stake in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after acquiring an additional 37 shares in the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after purchasing an additional 43 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after purchasing an additional 45 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its position in Workday by 3.2% during the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock worth $385,000 after purchasing an additional 46 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 70,144 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $25,776,029.22. This represents a 40.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,666 shares of company stock valued at $38,465,025. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Down 1.2%

Shares of NASDAQ WDAY opened at $242.70 on Wednesday. The company’s 50 day moving average price is $246.43 and its 200-day moving average price is $252.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a market capitalization of $64.80 billion, a P/E ratio of 134.09, a price-to-earnings-growth ratio of 3.73 and a beta of 1.24.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 earnings per share. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WDAY. JPMorgan Chase & Co. cut their target price on shares of Workday from $310.00 to $295.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. Westpark Capital raised their price objective on Workday from $315.00 to $328.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Loop Capital reduced their price objective on Workday from $285.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, May 23rd. Finally, Stifel Nicolaus lowered their target price on Workday from $310.00 to $275.00 and set a “hold” rating for the company in a report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $293.54.

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.