Transcend Capital Advisors LLC Has $667,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Transcend Capital Advisors LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,985 shares of the software maker’s stock after purchasing an additional 63 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Workday were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Workday by 28.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,705 shares of the software maker’s stock worth $3,507,000 after buying an additional 2,831 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Workday by 24.4% during the fourth quarter. Global Retirement Partners LLC now owns 413 shares of the software maker’s stock worth $116,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Workday by 3.4% during the fourth quarter. Ballentine Partners LLC now owns 1,652 shares of the software maker’s stock worth $456,000 after buying an additional 55 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Workday by 7.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 89,918 shares of the software maker’s stock worth $24,825,000 after buying an additional 5,861 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its stake in Workday by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 4,848 shares of the software maker’s stock valued at $1,338,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the sale, the insider now directly owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the completion of the sale, the insider now directly owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The disclosure for this sale can be found here. Insiders have sold a total of 524,672 shares of company stock worth $115,938,834 in the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Workday from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Wells Fargo & Company decreased their target price on Workday from $325.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Oppenheimer decreased their target price on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. StockNews.com cut Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. Finally, Canaccord Genuity Group decreased their target price on Workday from $305.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $281.44.

Workday Stock Down 1.7 %

Shares of WDAY traded down $3.73 during trading hours on Monday, reaching $211.13. The stock had a trading volume of 1,289,761 shares, compared to its average volume of 2,153,869. Workday, Inc. has a 12 month low of $199.99 and a 12 month high of $311.28. The firm has a 50-day simple moving average of $220.32 and a 200 day simple moving average of $254.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $55.95 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 5.42 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the business earned $0.16 EPS. Workday’s quarterly revenue was up 18.1% compared to the same quarter last year. Equities research analysts predict that Workday, Inc. will post 2.12 earnings per share for the current fiscal 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.