PFG Investments LLC Has $586,000 Stock Position in Workday, Inc. (NASDAQ:WDAY)

PFG Investments LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 10.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,150 shares of the software maker’s stock after purchasing an additional 206 shares during the period. PFG Investments LLC’s holdings in Workday were worth $586,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its position in Workday by 0.9% during the 1st quarter. Raymond James & Associates now owns 434,112 shares of the software maker’s stock worth $118,404,000 after buying an additional 3,881 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Workday by 0.4% in the first quarter. IFM Investors Pty Ltd now owns 41,948 shares of the software maker’s stock valued at $11,441,000 after acquiring an additional 169 shares during the last quarter. GraniteShares Advisors LLC raised its holdings in Workday by 2.9% during the first quarter. GraniteShares Advisors LLC now owns 3,573 shares of the software maker’s stock worth $975,000 after acquiring an additional 100 shares in the last quarter. AMI Asset Management Corp boosted its position in Workday by 54.1% during the first quarter. AMI Asset Management Corp now owns 162,093 shares of the software maker’s stock valued at $44,211,000 after purchasing an additional 56,926 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in Workday by 15.5% in the first quarter. First Trust Direct Indexing L.P. now owns 2,506 shares of the software maker’s stock valued at $684,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WDAY. DA Davidson reiterated a “neutral” rating and set a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. UBS Group cut their price target 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. Wells Fargo & Company lifted their price objective on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Citigroup upped their target price on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus raised their target price on shares of Workday from $250.00 to $290.00 and gave the company a “hold” 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder David A. Duffield sold 65,221 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following 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 sold 435,691 shares of company stock valued at $117,731,569. Company insiders own 21.09% of the company’s stock.

Workday Price Performance

NASDAQ:WDAY traded down $2.27 during trading hours on Monday, reaching $248.77. 2,182,025 shares of the company were exchanged, compared to its average volume of 1,765,825. The business has a 50 day moving average of $272.42 and a 200 day moving average of $264.59. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $65.68 billion, a P/E ratio of 48.30, a P/E/G ratio of 6.27 and a beta of 1.32.

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

About Workday

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.