Creative Planning Has $9.98 Million Position in Workday, Inc. (NASDAQ:WDAY)

Creative Planning raised its stake in Workday, Inc. (NASDAQ:WDAY) by 179.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,647 shares of the software maker’s stock after buying an additional 28,663 shares during the quarter. Creative Planning’s holdings in Workday were worth $9,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new stake in shares of Workday during the first quarter worth $27,000. Sound Income Strategies LLC lifted its holdings in shares of Workday by 74.2% during the 1st quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. SouthState Corp grew its stake in shares of Workday by 614.3% in the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. Pacific Center for Financial Services increased its holdings in Workday by 57.0% in the first quarter. Pacific Center for Financial Services now owns 157 shares of the software maker’s stock worth $43,000 after buying an additional 57 shares during the last quarter. Finally, Goodman Advisory Group LLC acquired a new position in Workday in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Down 1.5 %

Shares of WDAY stock opened at $240.66 on Wednesday. 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 stock has a fifty day moving average price of $239.42 and a 200 day moving average price of $240.77. The stock has a market cap of $63.77 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 4.85 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Analysts predict that Workday, Inc. will post 2.39 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 76,376 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $226.74, for a total value of $17,317,494.24. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,353,539.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $228.12, for a total value of $12,774,720.00. Following the completion of the transaction, the insider now owns 618,000 shares in the company, valued at $140,978,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 76,376 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $226.74, for a total value of $17,317,494.24. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $23,353,539.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 389,123 shares of company stock valued at $93,545,659. 20.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on WDAY. Guggenheim reissued a “sell” rating and issued a $190.00 target price on shares of Workday in a research report on Tuesday, June 25th. Loop Capital increased their target price on shares of Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Barclays raised their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research note on Friday, September 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

About Workday

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.