Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,888 shares of the software maker’s stock after buying an additional 486 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Workday were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its position in Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC grew its position in Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares in the last quarter. Clear Street Markets LLC purchased a new position in Workday during the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC grew its position in Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in Workday during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $272.02, for a total value of $15,505,140.00. Following the sale, the insider now owns 1,067,000 shares of the company’s stock, valued at $290,245,340. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price objective on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 27th. Evercore ISI lifted their target price on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. KeyCorp lifted their target price on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. UBS Group decreased their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, Citigroup lifted their target price on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Performance

WDAY traded down $3.02 during trading on Friday, hitting $251.04. The stock had a trading volume of 2,548,897 shares, compared to its average volume of 1,760,684. The firm has a market cap of $66.27 billion, a PE ratio of 48.75, a P/E/G ratio of 6.39 and a beta of 1.32. Workday, Inc. has a 12 month low of $174.25 and a 12 month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $273.49 and a 200-day simple moving average of $263.77.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business’s revenue was up 16.8% compared to the same quarter last year. Analysts expect that Workday, Inc. will post 1.76 EPS 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.