Portside Wealth Group LLC Has $4.04 Million Position in Workday, Inc. (NASDAQ:WDAY)

Portside Wealth Group LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 55.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,515 shares of the software maker’s stock after purchasing an additional 5,904 shares during the quarter. Portside Wealth Group LLC’s holdings in Workday were worth $4,036,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Workday by 4.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker’s stock valued at $281,000 after purchasing an additional 43 shares during the period. Diversified Trust Co increased its stake in Workday by 1.0% in the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker’s stock valued at $1,080,000 after purchasing an additional 47 shares in the last quarter. Opal Wealth Advisors LLC raised its holdings in Workday by 5.2% in the third 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. raised its holdings in Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock worth $324,000 after purchasing an additional 48 shares during the period. Finally, Aspen Investment Management Inc grew its holdings in shares of Workday by 3.1% in the 2nd quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker’s stock valued at $369,000 after buying an additional 50 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the transaction, the insider now owns 281,000 shares in the company, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now owns 281,000 shares in the company, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the sale, the director now directly owns 97,500 shares of the company’s stock, valued at $25,381,200. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock worth $91,506,897 over the last three months. Insiders own 20.00% of the company’s stock.

Workday Trading Up 2.5 %

Shares of NASDAQ:WDAY opened at $257.98 on Friday. The company has a market capitalization of $68.36 billion, a P/E ratio of 44.94, a P/E/G ratio of 5.00 and a beta of 1.35. 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 current ratio of 2.04 and a quick ratio of 2.04. The business’s 50 day simple moving average is $245.97 and its 200 day simple moving average is $235.90.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, research analysts anticipate that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. DA Davidson boosted their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Needham & Company LLC dropped their target price on shares of Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $285.00 price objective on shares of Workday in a research report on Wednesday, September 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Thursday, September 19th. 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. Based on data from MarketBeat.com, the stock currently 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.