Blue Barn Wealth LLC Buys New Holdings in Workday, Inc. (NASDAQ:WDAY)

Blue Barn Wealth LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, HoldingsChannel reports. The firm purchased 865 shares of the software maker’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vontobel Holding Ltd. lifted its holdings in Workday by 5.1% during the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after purchasing an additional 3,260 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the period. QRG Capital Management Inc. acquired a new position in Workday in the 3rd quarter valued at about $345,000. Assenagon Asset Management S.A. lifted its position in Workday by 58.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock worth $76,902,000 after acquiring an additional 103,171 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of Workday by 21.1% during the third quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after acquiring an additional 4,927 shares during the period. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of WDAY traded up $0.20 during mid-day trading on Wednesday, hitting $249.63. 1,466,430 shares of the stock were exchanged, compared to its average volume of 1,835,088. Workday, Inc. has a 52-week low of $174.70 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50-day moving average of $266.02 and a two-hundred day moving average of $266.06. The company has a market cap of $65.90 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33.

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

Analyst Ratings Changes

A number of research analysts have issued reports on WDAY shares. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and set a $330.00 price target on shares of Workday in a report on Monday, February 26th. Stifel Nicolaus lifted their target price on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. KeyCorp increased their target price on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley lowered their price objective on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at $223,302,270. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the transaction, the insider now owns 165,521 shares in the company, valued at approximately $44,177,554.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by insiders.

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.