Auto Owners Insurance Co Takes $6.71 Million Position in Workday, Inc. (NASDAQ:WDAY)

Posted by Defense World Staff on Jun 14th, 2023

Auto Owners Insurance Co acquired a new position in Workday, Inc. (NASDAQ:WDAY – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,100 shares of the software maker’s stock, valued at approximately $6,710,000.

Several other large investors also recently modified their holdings of WDAY. Greenleaf Trust raised its holdings in shares of Workday by 4.6% during the 4th quarter. Greenleaf Trust now owns 1,494 shares of the software maker’s stock worth $250,000 after acquiring an additional 66 shares in the last quarter. Yousif Capital Management LLC increased its position in Workday by 2.7% in the first quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock worth $674,000 after purchasing an additional 74 shares during the last quarter. AFT Forsyth & Company Inc. raised its stake in Workday by 2.7% during the third quarter. AFT Forsyth & Company Inc. now owns 2,880 shares of the software maker’s stock valued at $438,000 after purchasing an additional 75 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in Workday by 1.9% during the fourth quarter. CHICAGO TRUST Co NA now owns 4,065 shares of the software maker’s stock valued at $681,000 after purchasing an additional 75 shares during the last quarter. Finally, RB Capital Management LLC grew its stake in shares of Workday by 2.8% in the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock worth $662,000 after buying an additional 76 shares in the last quarter. Institutional investors own 66.98% of the company’s stock.

Workday Stock Up 2.1 %

Shares of WDAY opened at $214.06 on Wednesday. The company’s fifty day moving average price is $196.07 and its 200-day moving average price is $192.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.95 and a quick ratio of 1.95. Workday, Inc. has a 1-year low of $128.72 and a 1-year high of $218.88.

Workday (NASDAQ:WDAY – Get Rating) last announced its quarterly earnings data on Thursday, May 25th. The software maker reported $1.31 EPS for the quarter, beating the consensus estimate of $1.12 by $0.19. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Workday had a negative net margin of 4.09% and a negative return on equity of 0.44%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.17) EPS. Sell-side analysts anticipate that Workday, Inc. will post 0.46 EPS for the current year.

Insider Buying and Selling at Workday

In related news, insider Sayan Chakraborty sold 8,836 shares of Workday 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 directly owns 85,765 shares in the company, valued at $16,841,673.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO James Bozzini sold 10,574 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $196.36, for a total transaction of $2,076,310.64. Following the sale, the chief operating officer now directly owns 92,654 shares in the company, valued at approximately $18,193,539.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 8,836 shares of Workday stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $196.37, for a total value of $1,735,125.32. Following the completion of the transaction, the insider now owns 85,765 shares of the company’s stock, valued at approximately $16,841,673.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,090 shares of company stock valued at $15,747,149. 21.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WDAY. Loop Capital upped their target price on shares of Workday from $180.00 to $210.00 in a research report on Friday, May 26th. Cowen raised their price objective on Workday from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, February 28th. Oppenheimer lifted their target price on Workday from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Mizuho increased their price target on Workday from $225.00 to $250.00 in a report on Friday, May 26th. Finally, DA Davidson lifted their price objective on shares of 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.44.

Workday Company Profile

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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.

Auto Owners Insurance Co Takes $6.71 Million Position in Workday, Inc. (NASDAQ:WDAY)

Workday Stock Up 2.1 %

Insider Buying and Selling at Workday

Analyst Upgrades and Downgrades

Workday Company Profile

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