New Age Alpha Advisors LLC Invests $4.12 Million in Workday, Inc. $WDAY

New Age Alpha Advisors LLC bought a new position in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, HoldingsChannel.com reports. The fund bought 19,196 shares of the software maker’s stock, valued at approximately $4,123,000.

A number of other hedge funds have also modified their holdings of the stock. Allen Capital Group LLC raised its holdings in shares of Workday by 2.6% in the 4th quarter. Allen Capital Group LLC now owns 13,558 shares of the software maker’s stock worth $2,912,000 after buying an additional 346 shares in the last quarter. Simplify Asset Management Inc. raised its holdings in shares of Workday by 21.3% in the 4th quarter. Simplify Asset Management Inc. now owns 1,375 shares of the software maker’s stock worth $295,000 after buying an additional 241 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in shares of Workday by 11.0% in the 4th quarter. Mondrian Investment Partners LTD now owns 92,219 shares of the software maker’s stock worth $19,807,000 after buying an additional 9,124 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Workday in the 4th quarter worth approximately $278,000. Finally, Prospera Financial Services Inc raised its holdings in shares of Workday by 114.0% in the 4th quarter. Prospera Financial Services Inc now owns 12,836 shares of the software maker’s stock worth $2,757,000 after buying an additional 6,838 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WDAY shares. Citizens Jmp cut Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Weiss Ratings cut Workday from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. The Goldman Sachs Group dropped their target price on Workday from $238.00 to $206.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. DA Davidson dropped their price target on Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Workday in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.48.

Insider Buying and Selling

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total value of $1,201,216.84. Following the completion of the sale, the insider directly owned 165,074 shares of the company’s stock, valued at approximately $21,193,850.86. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the sale, the chief financial officer directly owned 217,930 shares of the company’s stock, valued at $27,942,984.60. This trade represents a 2.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 989,814 shares of company stock worth $131,576,291. 18.64% of the stock is currently owned by company insiders.

Workday Stock Performance

WDAY stock opened at $128.14 on Tuesday. The business has a fifty day moving average price of $125.79 and a 200 day moving average price of $168.05. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $257.09. The stock has a market capitalization of $32.93 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 1.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 13.92% and a net margin of 8.60%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm posted $2.23 EPS. The business’s revenue was up 13.5% on a year-over-year basis. Analysts expect that Workday, Inc. will post 5.12 EPS for the current fiscal year.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.