Capital Analysts LLC Boosts Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Capital Analysts LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 472 shares of the software maker’s stock after buying an additional 42 shares during the period. Capital Analysts LLC’s holdings in Workday were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Aurora Private Wealth Inc. purchased a new position in Workday during the fourth quarter valued at $211,000. Sentry Investment Management LLC purchased a new position in shares of Workday in the 4th quarter worth $521,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Workday in the 4th quarter worth $1,198,000. Waldron Private Wealth LLC grew its stake in shares of Workday by 0.9% in the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock worth $1,294,000 after buying an additional 40 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after buying an additional 3,260 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 0.5 %

NASDAQ:WDAY opened at $255.64 on Friday. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $67.49 billion, a P/E ratio of 49.64, a P/E/G ratio of 6.42 and a beta of 1.32. The firm has a 50-day simple moving average of $279.24 and a 200-day simple moving average of $261.98.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts anticipate that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total value of $1,352,600.00. Following the transaction, the director now owns 105,000 shares of the company’s stock, valued at approximately $28,404,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction that occurred on Monday, April 8th. The shares were 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 of the company’s stock, valued at approximately $17,797,342.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the transaction, the director now directly owns 105,000 shares in the company, valued at approximately $28,404,600. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 in the last 90 days. Insiders own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WDAY. Evercore ISI lifted their price objective on shares of Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Guggenheim reissued a “sell” rating and issued a $190.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Citigroup raised their target price on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. One equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.