Xponance Inc. Has $7.48 Million Position in Workday, Inc. (NASDAQ:WDAY)

Xponance Inc. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,104 shares of the software maker’s stock after selling 1,082 shares during the quarter. Xponance Inc.’s holdings in Workday were worth $7,482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SkyView Investment Advisors LLC bought a new position in Workday during the second quarter worth about $66,000. Beacon Capital Management LLC boosted its stake in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares during the period. CVA Family Office LLC acquired a new position in Workday during the fourth quarter worth $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Workday during the first quarter valued at $25,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now owns 102,997 shares in the company, valued at $27,633,065.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total value of $17,498,142.09. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.21, for a total value of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares in the company, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock worth $117,731,569 over the last ninety days. Insiders own 21.09% of the company’s stock.

Workday Price Performance

WDAY stock opened at $252.22 on Friday. The stock has a market cap of $66.59 billion, a PE ratio of 48.97, a price-to-earnings-growth ratio of 6.39 and a beta of 1.32. The stock has a 50-day moving average price of $278.19 and a two-hundred day moving average price of $262.25. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned ($0.14) EPS. Workday’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research note on Tuesday, February 27th. TheStreet raised Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Piper Sandler restated an “overweight” rating and issued a $330.00 price objective on shares of Workday in a research report on Monday, February 26th. Finally, BMO Capital Markets increased their price target on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Company 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.