Mirae Asset Global Investments Co. Ltd. Purchases 3,316 Shares of Workday, Inc. (NASDAQ:WDAY)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,336 shares of the software maker’s stock after purchasing an additional 3,316 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Workday were worth $17,622,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in Workday during the 1st quarter worth approximately $27,000. SouthState Corp grew its position in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after buying an additional 129 shares during the period. Goodman Advisory Group LLC acquired a new stake in shares of Workday during the 2nd quarter worth approximately $35,000. Asset Dedication LLC acquired a new stake in shares of Workday during the 2nd quarter worth approximately $36,000. Finally, PSI Advisors LLC acquired a new stake in shares of Workday during the 2nd quarter worth approximately $38,000. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 0.4 %

NASDAQ WDAY opened at $237.71 on Friday. The stock has a market capitalization of $62.99 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.90 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year 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’s fifty day moving average is $247.09 and its 200-day moving average is $237.03.

Workday (NASDAQ:WDAY) last released its earnings results 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 company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WDAY. Stifel Nicolaus raised their price objective on shares of Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Needham & Company LLC reduced their price objective on shares of Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Barclays raised their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. DA Davidson lifted their price target on shares of Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $285.00 price target on shares of Workday in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Insider Activity at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now owns 281,000 shares of the company’s stock, valued at $68,004,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday 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 transaction, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 370,575 shares of company stock worth $91,506,897. Company insiders own 20.00% of the company’s stock.

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.