ORG Wealth Partners LLC Increases Position in Workday, Inc. (NASDAQ:WDAY)

ORG Wealth Partners LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 252.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,650 shares of the software maker’s stock after purchasing an additional 4,045 shares during the period. ORG Wealth Partners LLC’s holdings in Workday were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WDAY. Brighton Jones LLC increased its position in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Workday in the 4th quarter valued at $8,984,000. Bank Pictet & Cie Europe AG boosted its holdings in shares of Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock valued at $793,000 after buying an additional 595 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Workday by 24.9% in the 4th quarter. Allworth Financial LP now owns 1,244 shares of the software maker’s stock valued at $315,000 after buying an additional 248 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Workday by 2,166.1% in the 4th quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock valued at $104,044,000 after buying an additional 385,430 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 2.4%

WDAY stock opened at $236.88 on Thursday. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock has a market capitalization of $63.25 billion, a PE ratio of 130.87, a price-to-earnings-growth ratio of 3.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. The company has a fifty day moving average of $246.54 and a 200-day moving average of $252.26.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WDAY shares. Stifel Nicolaus lowered their target price on shares of Workday from $310.00 to $275.00 and set a “hold” rating for the company in a report on Friday, May 23rd. Jefferies Financial Group lowered their target price on shares of Workday from $350.00 to $325.00 and set a “buy” rating for the company in a report on Monday, March 31st. Morgan Stanley set a $255.00 target price on shares of Workday and gave the company an “equal weight” rating in a report on Friday, May 23rd. Citigroup cut shares of Workday from a “neutral” rating to a “mixed” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Workday from $310.00 to $295.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.54.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of Workday stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $25,776,029.22. The trade was a 40.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. The trade was a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 251,906 shares of company stock worth $59,549,619 over the last 90 days. Company insiders own 19.31% of the company’s stock.

About Workday

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.