Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 81.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,669 shares of the software maker’s stock after purchasing an additional 751 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Workday were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. Roxbury Financial LLC acquired a new stake in Workday during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Workday during the 3rd quarter worth $26,000. Crews Bank & Trust acquired a new stake in shares of Workday during the fourth quarter worth $26,000. Avion Wealth boosted its holdings in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, Director Wayne A.I. Frederick sold 1,829 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now owns 6,845 shares in the company, valued at approximately $1,732,401.05. This represents a 21.09 % decrease in their position. The sale 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 stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares in the company, valued at $14,785,200. The trade was a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 369,374 shares of company stock valued at $95,786,918 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $330.00 to $275.00 in a report on Wednesday, February 19th. UBS Group increased their price target on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Citigroup lowered their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Performance

Shares of WDAY stock opened at $253.63 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company’s fifty day moving average price is $259.17 and its two-hundred day moving average price is $255.46. The firm has a market capitalization of $67.47 billion, a P/E ratio of 42.06, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. On average, research analysts anticipate that Workday, Inc. will post 2.63 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.