Stratos Wealth Partners LTD. Buys 529 Shares of Workday, Inc. (NASDAQ:WDAY)

Stratos Wealth Partners LTD. grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 60.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,407 shares of the software maker’s stock after purchasing an additional 529 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Workday were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Workday in the 3rd quarter worth $26,000. Crews Bank & Trust purchased a new stake in shares of Workday during the fourth quarter worth about $26,000. Meeder Asset Management Inc. grew its stake in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares during the last quarter. New Millennium Group LLC grew its stake in shares of Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $257.92 on Thursday. The firm has a market cap of $68.61 billion, a P/E ratio of 42.77, a PEG ratio of 3.78 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $262.57 and a 200 day moving average of $251.13.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. As a group, research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the sale, the insider now owns 284,000 shares of the company’s stock, valued at approximately $78,188,040. This represents a 16.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 438,819 shares of company stock worth $113,142,592. Company insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and raised their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. Oppenheimer reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Citigroup cut their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $292.43.

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.