Icon Wealth Advisors LLC Acquires Shares of 8,036 Workday, Inc. (NASDAQ:WDAY)

Icon Wealth Advisors LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAYFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,036 shares of the software maker’s stock, valued at approximately $2,218,000.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Workday by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after purchasing an additional 263,994 shares during the last quarter. Norges Bank purchased a new stake in shares of Workday during the 4th quarter valued at $1,491,149,000. Wellington Management Group LLP increased its position in shares of Workday by 37.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the last quarter. Polen Capital Management LLC increased its position in shares of Workday by 2.0% during the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the last quarter. Finally, Morgan Stanley increased its position 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 valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

NASDAQ:WDAY traded up $0.39 during mid-day trading on Tuesday, reaching $213.12. The stock had a trading volume of 284,858 shares, compared to its average volume of 2,192,393. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28. The firm has a 50 day moving average price of $246.41 and a two-hundred day moving average price of $268.10. The stock has a market capitalization of $56.48 billion, a P/E ratio of 38.33, a P/E/G ratio of 6.53 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. As a group, analysts expect that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the completion of the sale, the insider now owns 204,066 shares in the company, valued at $43,759,913.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total transaction of $669,267.24. Following the transaction, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the transaction, the insider now directly owns 66,356 shares in the company, valued at $17,797,342.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 513,042 shares of company stock worth $133,424,815. 20.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WDAY shares. KeyCorp decreased their price objective on Workday from $330.00 to $275.00 and set an “overweight” rating for the company in a report on Friday, May 24th. UBS Group decreased their price objective on Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Loop Capital decreased their price objective on Workday from $280.00 to $240.00 and set a “hold” rating for the company in a report on Friday, May 24th. TD Cowen reduced their target price on Workday from $330.00 to $290.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, Wells Fargo & Company reduced their target price on Workday from $350.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $283.96.

Read Our Latest Stock Analysis on Workday

About Workday

(Free Report)

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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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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