Envestnet Asset Management Inc. Has $153.52 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Envestnet Asset Management Inc. lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 556,124 shares of the software maker’s stock after buying an additional 2,166 shares during the period. Envestnet Asset Management Inc. owned about 0.21% of Workday worth $153,524,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. increased its holdings in Workday by 80.5% in the 4th quarter. Pinebridge Investments L.P. now owns 48,572 shares of the software maker’s stock worth $13,409,000 after purchasing an additional 21,668 shares in the last quarter. Cibc World Markets Corp increased its holdings in Workday by 50.1% in the 4th quarter. Cibc World Markets Corp now owns 35,757 shares of the software maker’s stock worth $9,871,000 after purchasing an additional 11,942 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Workday by 152.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 31,123 shares of the software maker’s stock worth $8,592,000 after purchasing an additional 18,778 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in Workday by 3.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 14,343 shares of the software maker’s stock worth $3,960,000 after purchasing an additional 502 shares in the last quarter. Finally, Capital World Investors increased its holdings in Workday by 1.4% in the 4th quarter. Capital World Investors now owns 345,615 shares of the software maker’s stock worth $95,410,000 after purchasing an additional 4,608 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the completion of the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the sale, the director now directly owns 105,000 shares of the company’s stock, valued at $28,404,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The disclosure for this sale can be found here. Insiders sold a total of 518,042 shares of company stock valued at $134,777,415 over the last ninety days. 20.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WDAY shares. Jefferies Financial Group lowered their target price on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a report on Friday, May 24th. Barclays reduced their price target on Workday from $316.00 to $286.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Royal Bank of Canada reduced their price target on Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Oppenheimer reduced their price target on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Finally, Sanford C. Bernstein reduced their price target on Workday from $321.00 to $301.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $283.96.

Read Our Latest Report on WDAY

Workday Stock Performance

Shares of Workday stock opened at $215.56 on Friday. The company has a market cap of $56.91 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 6.51 and a beta of 1.33. Workday, Inc. has a 52 week low of $201.42 and a 52 week high of $311.28. The business has a 50 day moving average price of $247.61 and a 200-day moving average price of $267.79. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAYGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. Equities analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

About Workday

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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