American Century Companies Inc. Grows Stake in Workday, Inc. (NASDAQ:WDAY)

American Century Companies Inc. boosted its position in Workday, Inc. (NASDAQ:WDAY) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,974 shares of the software maker’s stock after purchasing an additional 15,193 shares during the period. American Century Companies Inc. owned about 0.73% of Workday worth $503,152,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust purchased a new position in Workday in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in Workday during the fourth quarter worth $25,000. Avion Wealth increased its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC purchased a new position in Workday during the fourth quarter worth $35,000. Finally, True Wealth Design LLC increased its position in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after buying an additional 143 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 0.4 %

Shares of NASDAQ WDAY opened at $249.49 on Friday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The firm has a market cap of $66.36 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $256.76 and its 200-day simple moving average is $255.15.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on WDAY. BNP Paribas raised Workday to a “strong-buy” rating in a research report on Friday, February 14th. Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. BMO Capital Markets raised their price target on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays lowered their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Finally, Loop Capital lifted their price objective on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $300.36.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the sale, the insider now directly owns 228,000 shares of the company’s stock, valued at approximately $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now directly owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 473,001 shares of company stock valued at $120,614,400. 20.00% of the stock is currently owned by insiders.

Workday 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.