Wells Fargo & Company MN lessened its stake in Workday, Inc. (NASDAQ:WDAY – Get Rating) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 307,158 shares of the software maker’s stock after selling 7,405 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of Workday worth $51,397,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Tiger Global Management LLC lifted its stake in shares of Workday by 134.6% during the 3rd quarter. Tiger Global Management LLC now owns 3,172,411 shares of the software maker’s stock valued at $482,904,000 after buying an additional 1,820,074 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Workday during the third quarter worth $161,644,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Workday by 22.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,971,772 shares of the software maker’s stock worth $664,598,000 after acquiring an additional 725,609 shares during the period. Sustainable Growth Advisers LP grew its position in shares of Workday by 18.1% in the third quarter. Sustainable Growth Advisers LP now owns 3,597,255 shares of the software maker’s stock valued at $547,574,000 after purchasing an additional 551,281 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Workday by 43.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,740,982 shares of the software maker’s stock valued at $265,012,000 after purchasing an additional 524,701 shares during the period. Hedge funds and other institutional investors own 66.98% of the company’s stock.
Workday Stock Down 0.1 %
Shares of Workday stock opened at $204.38 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.50. Workday, Inc. has a one year low of $128.72 and a one year high of $218.88. The business’s 50 day simple moving average is $194.93 and its two-hundred day simple moving average is $192.09.
Insider Buying and Selling at Workday
In related news, insider Sayan Chakraborty sold 8,836 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $196.37, for a total value of $1,735,125.32. Following the sale, the insider now directly owns 85,765 shares of the company’s stock, valued at $16,841,673.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sayan Chakraborty sold 8,836 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $196.37, for a total transaction of $1,735,125.32. Following the completion of the transaction, the insider now owns 85,765 shares in the company, valued at $16,841,673.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO James Bozzini sold 10,574 shares of Workday stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $196.36, for a total transaction of $2,076,310.64. Following the completion of the sale, the chief operating officer now owns 92,654 shares in the company, valued at approximately $18,193,539.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,090 shares of company stock worth $15,643,099. 21.09% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have commented on WDAY. Citigroup raised their target price on Workday from $203.00 to $220.00 in a research note on Friday, May 26th. TheStreet raised shares of Workday from a “d+” rating to a “c” rating in a report on Friday, May 26th. Piper Sandler raised their price target on shares of Workday from $184.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. Oppenheimer upped their price target on shares of Workday from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Finally, DA Davidson lifted their price objective on Workday from $220.00 to $240.00 in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.44.
About Workday
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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