Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 60.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,579 shares of the software maker’s stock after purchasing an additional 975 shares during the quarter. Independent Advisor Alliance’s holdings in Workday were worth $665,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Roxbury Financial LLC bought a new position in shares of Workday in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new position in Workday in the fourth quarter worth about $26,000. Avion Wealth boosted its stake in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the last quarter. Finally, New Millennium Group LLC raised its position in shares of Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WDAY. Scotiabank boosted their price objective on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 27th. The Goldman Sachs Group upped their price target on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Wells Fargo & Company upped their target price on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Ten 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, Workday has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Up 2.9 %

Shares of Workday stock opened at $244.17 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm has a market capitalization of $64.95 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The stock’s fifty day moving average is $256.91 and its 200-day moving average is $255.46.

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

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on 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 transaction, the insider now owns 228,000 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 435,829 shares of company stock valued at $113,033,319. Company insiders own 20.00% of the company’s stock.

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.