Lindbrook Capital LLC Has $703,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Lindbrook Capital LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 17,001.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,938 shares of the software maker’s stock after acquiring an additional 284,266 shares during the quarter. Lindbrook Capital LLC owned approximately 0.11% of Workday worth $703,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WDAY. Assetmark Inc. lifted its holdings in Workday by 0.3% in the third quarter. Assetmark Inc. now owns 32,468 shares of the software maker’s stock valued at $7,936,000 after buying an additional 109 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Workday by 8.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,666 shares of the software maker’s stock valued at $1,874,000 after acquiring an additional 610 shares during the last quarter. Pegasus Partners Ltd. lifted its stake in shares of Workday by 29.7% in the 3rd quarter. Pegasus Partners Ltd. now owns 1,381 shares of the software maker’s stock valued at $338,000 after purchasing an additional 316 shares during the period. Rovin Capital UT ADV bought a new position in shares of Workday in the 3rd quarter worth $349,000. Finally, Equitable Trust Co. acquired a new stake in shares of Workday during the third quarter worth $295,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 370,575 shares of company stock valued at $91,506,897 over the last ninety days. 20.00% of the stock is currently owned by insiders.

Workday Stock Performance

NASDAQ WDAY opened at $256.54 on Friday. The company has a fifty day moving average price of $245.75 and a 200-day moving average price of $236.07. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 5.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. As a group, equities research analysts predict that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of recent analyst reports. Citigroup reduced their target price on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Stifel Nicolaus boosted their price objective on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Piper Sandler reissued an “overweight” rating and issued a $285.00 price target on shares of Workday in a report on Wednesday, September 18th. Finally, KeyCorp raised their price objective on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.04.

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.