CHICAGO TRUST Co NA Has $1.11 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

CHICAGO TRUST Co NA lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,290 shares of the software maker’s stock after purchasing an additional 70 shares during the period. CHICAGO TRUST Co NA’s holdings in Workday were worth $1,107,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its position in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after buying an additional 43 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Workday by 0.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after purchasing an additional 43 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after purchasing an additional 47 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after purchasing an additional 48 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Workday by 1.3% during the fourth quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after buying an additional 48 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

Shares of WDAY stock traded down $4.12 on Monday, reaching $245.59. The stock had a trading volume of 722,989 shares, compared to its average volume of 1,789,247. The stock has a market cap of $65.33 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a 50 day simple moving average of $262.56 and a 200 day simple moving average of $246.12.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post 2.58 EPS for the current year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 70,003 shares of Workday stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 382,347 shares of company stock valued at $99,225,903 in the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WDAY shares. Morgan Stanley lifted their price objective on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays dropped their price target on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Mizuho raised their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets restated an “outperform” rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

Workday Company 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.