Workday, Inc. (NASDAQ:WDAY) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 168,745 shares of the software maker’s stock after acquiring an additional 57 shares during the quarter. Federated Hermes Inc.’s holdings in Workday were worth $43,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter valued at $25,000. Crews Bank & Trust acquired a new position in shares of Workday in the 4th quarter worth $26,000. Avion Wealth grew its holdings in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of Workday during the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.8 %

Shares of WDAY stock opened at $215.32 on Tuesday. The stock’s 50 day simple moving average is $253.32 and its 200 day simple moving average is $253.90. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. 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 company has a market capitalization of $57.28 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 3.55 and a beta of 1.32.

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

Analyst Ratings Changes

WDAY has been the topic of several recent analyst reports. Piper Sandler boosted their price objective on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and lifted their target price for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. KeyCorp upped their price target on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Monday, March 24th. Finally, Scotiabank cut their target price on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.18.

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 366,514 shares of company stock valued at $92,172,111 in the last quarter. Insiders own 20.00% 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.