Proficio Capital Partners LLC Purchases Shares of 173,396 Workday, Inc. (NASDAQ:WDAY)

Proficio Capital Partners LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 173,396 shares of the software maker’s stock, valued at approximately $44,741,000. Proficio Capital Partners LLC owned about 0.07% of Workday at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Marcum Wealth LLC grew its position in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after acquiring an additional 41 shares during the last quarter. Custom Index Systems LLC grew its position in Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after acquiring an additional 41 shares during the last quarter. Meeder Asset Management Inc. grew its position in Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after acquiring an additional 43 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after acquiring an additional 43 shares during the last quarter. Finally, Fulton Bank N.A. grew its position in Workday by 1.3% during the fourth quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock valued at $954,000 after acquiring an additional 48 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,003 shares of the firm’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 completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 433,321 shares of company stock worth $111,763,803 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Performance

Shares of Workday stock opened at $263.34 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $70.05 billion, a P/E ratio of 43.67, a P/E/G ratio of 3.55 and a beta of 1.35. The business has a fifty day simple moving average of $259.69 and a two-hundred day simple moving average of $254.65. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $296.44.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Citigroup dropped their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler increased their price objective on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company increased their price objective on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Scotiabank increased their price objective on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research note on Thursday. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $302.14.

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.