United Asset Strategies Inc. Invests $1.49 Million in Workday, Inc. (NASDAQ:WDAY)

United Asset Strategies Inc. acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, Holdings Channel reports. The firm acquired 5,403 shares of the software maker’s stock, valued at approximately $1,492,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WDAY. RB Capital Management LLC lifted its holdings in Workday by 2.8% during the 1st quarter. RB Capital Management LLC now owns 2,763 shares of the software maker’s stock valued at $662,000 after buying an additional 76 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Workday by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 2,511 shares of the software maker’s stock valued at $601,000 after purchasing an additional 265 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Workday in the 1st quarter valued at about $2,974,000. Yousif Capital Management LLC raised its holdings in shares of Workday by 2.7% in the 1st quarter. Yousif Capital Management LLC now owns 2,813 shares of the software maker’s stock valued at $674,000 after purchasing an additional 74 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in shares of Workday by 10.3% in the 1st quarter. Raymond James Trust N.A. now owns 3,391 shares of the software maker’s stock valued at $812,000 after purchasing an additional 316 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $257.69 on Wednesday. The firm has a 50-day simple moving average of $280.85 and a 200-day simple moving average of $262.06. The stock has a market capitalization of $68.03 billion, a price-to-earnings ratio of 50.04, a price-to-earnings-growth ratio of 6.49 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, equities analysts predict that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WDAY. Citigroup boosted their price target on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Guggenheim restated a “sell” rating and issued a $190.00 price target on shares of Workday in a report on Tuesday, February 27th. StockNews.com lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. Piper Sandler restated an “overweight” rating and issued a $330.00 price target on shares of Workday in a report on Monday, February 26th. Finally, BMO Capital Markets boosted their price objective on shares of Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 8,447 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,691 shares of company stock valued at $102,897,729. 21.09% of the stock is owned by company insiders.

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.