Kirtland Hills Capital Management LLC Increases Position in Workday, Inc. (NASDAQ:WDAY)

Kirtland Hills Capital Management LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,214 shares of the software maker’s stock after acquiring an additional 98 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Workday were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WDAY. ORG Partners LLC grew its holdings in Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the period. Grafton Street Partners Fund LP purchased a new position in Workday in the 3rd quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Workday by 32.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after purchasing an additional 7,802 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Workday by 42.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock worth $3,649,000 after purchasing an additional 3,965 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on WDAY shares. Evercore ISI lowered their target price on shares of Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Morgan Stanley dropped their price target on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, August 23rd. Bank of America upped their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. Finally, Loop Capital upped their target price on shares of Workday from $255.00 to $270.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.46.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.29, for a total value of $812,365.09. Following the completion of the sale, the insider now directly owns 196,344 shares in the company, valued at approximately $51,106,379.76. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 over the last ninety days. 20.00% of the stock is owned by corporate insiders.

Workday Stock Up 0.2 %

Shares of NASDAQ WDAY opened at $259.90 on Wednesday. The firm has a fifty day simple moving average of $246.94 and a two-hundred day simple moving average of $236.57. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $68.87 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 5.15 and a beta of 1.35.

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

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.