Workday, Inc. (NASDAQ:WDAY) Shares Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 83.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,584 shares of the software maker’s stock after purchasing an additional 1,631 shares during the period. E Fund Management Co. Ltd.’s holdings in Workday were worth $989,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Beacon Capital Management LLC boosted its stake in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of 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 during the period. Clear Street Markets LLC purchased a new position in shares of Workday in the 3rd quarter valued at about $29,000. Exchange Traded Concepts LLC lifted its stake in shares of Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after purchasing an additional 105 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Workday during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Up 0.1 %

Shares of NASDAQ WDAY traded up $0.20 during midday trading on Wednesday, hitting $249.63. The stock had a trading volume of 1,466,430 shares, compared to its average volume of 1,835,188. The company has a fifty day moving average price of $266.02 and a 200 day moving average price of $266.06. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 6.39 and a beta of 1.33. Workday, Inc. has a 1-year low of $174.70 and a 1-year high of $311.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last issued its 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 net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the transaction, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas A. Robinson sold 411 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares in the company, valued at approximately $44,177,554.90. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock valued at $117,731,569 over the last quarter. Company insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on WDAY shares. Wells Fargo & Company increased their target price on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Mizuho upped their target price on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Needham & Company LLC boosted their price objective on shares of Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Barclays dropped their target price on shares of Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a report on Tuesday, February 27th. Finally, Morgan Stanley reduced their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average 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.