Toronto Dominion Bank lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 33.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,390 shares of the software maker's stock after buying an additional 7,562 shares during the quarter. Toronto Dominion Bank's holdings in Workday were worth $7,428,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of Workday in the 3rd quarter valued at approximately $26,000. SouthState Corp raised its holdings in shares of Workday by 614.3% during the second quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after purchasing an additional 129 shares during the period. Crewe Advisors LLC raised its holdings in shares of Workday by 56.6% during the second quarter. Crewe Advisors LLC now owns 155 shares of the software maker's stock worth $35,000 after purchasing an additional 56 shares during the period. Goodman Advisory Group LLC bought a new position in shares of Workday in the 2nd quarter worth about $35,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of 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 during the period. Institutional investors own 89.81% of the company's stock.
Shares of Workday stock opened at $273.67 on Friday. The firm has a market cap of $72.80 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 5.04 and a beta of 1.34. The stock has a 50-day simple moving average of $253.74 and a 200-day simple moving average of $238.90. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.
Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The company's revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts expect that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on WDAY shares. Stifel Nicolaus raised their target price on shares of Workday from $250.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Monday, November 25th. DA Davidson increased their target price on shares of Workday from $255.00 to $270.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Bank of America cut their price objective on Workday from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Loop Capital cut their target price on shares of Workday from $270.00 to $242.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $290.64.
View Our Latest Stock Report on WDAY
In related news, insider Richard Harry Sauer sold 3,134 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the transaction, the insider now directly owns 85,795 shares in the company, valued at approximately $20,228,745.10. This trade represents a 3.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 70,003 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $25,872,846.40. This represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 361,463 shares of company stock valued at $88,422,088. Insiders own 20.00% of the company's stock.
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.
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