Linden Thomas Advisory Services LLC Increases Holdings in Workday, Inc. (NASDAQ:WDAY)

Linden Thomas Advisory Services LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,462 shares of the software maker’s stock after purchasing an additional 563 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Workday were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its position in 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 purchasing an additional 70 shares during the period. Exchange Traded Concepts LLC raised its position in 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. CVA Family Office LLC purchased a new stake in Workday in the fourth quarter valued at $33,000. VisionPoint Advisory Group LLC raised its position in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the period. Finally, Clear Street Markets LLC purchased a new stake in Workday in the third quarter valued at $29,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.4 %

Workday stock opened at $255.74 on Thursday. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $67.52 billion, a P/E ratio of 49.66, a PEG ratio of 6.42 and a beta of 1.32. The stock has a 50-day simple moving average of $275.55 and a 200-day simple moving average of $263.60.

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

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 in the last ninety days. Insiders own 21.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WDAY. JPMorgan Chase & Co. lifted their target price on Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Mizuho lifted their price objective on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Stifel Nicolaus lifted their price objective on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Morgan Stanley dropped their price objective on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Finally, Needham & Company LLC lifted their price objective on Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

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.