Workday, Inc. $WDAY Stake Boosted by Vise Technologies Inc.

Vise Technologies Inc. raised its position in Workday, Inc. (NASDAQ:WDAY) by 40.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,165 shares of the software maker’s stock after acquiring an additional 3,505 shares during the quarter. Vise Technologies Inc.’s holdings in Workday were worth $2,317,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CoreCap Advisors LLC lifted its stake in Workday by 55.9% during the third quarter. CoreCap Advisors LLC now owns 173 shares of the software maker’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Western Wealth Management LLC purchased a new position in Workday during the 1st quarter worth $39,000. Manning & Napier Advisors LLC purchased a new stake in shares of Workday in the second quarter valued at about $42,000. Elevation Wealth Partners LLC boosted its stake in shares of Workday by 1,097.0% during the second quarter. Elevation Wealth Partners LLC now owns 395 shares of the software maker’s stock worth $48,000 after buying an additional 362 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Workday by 26.3% during the second quarter. Parkside Financial Bank & Trust now owns 591 shares of the software maker’s stock worth $72,000 after buying an additional 123 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 0.8%

Shares of WDAY opened at $200.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is $194.34 and its two-hundred day moving average is $156.43. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $236.80. The firm has a market capitalization of $48.24 billion, a P/E ratio of 40.60, a PEG ratio of 2.03 and a beta of 1.02.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $2.21 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, research analysts predict that Workday, Inc. will post 5.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Workday from $151.00 to $164.00 and gave the company a “neutral” rating in a research report on Monday, August 31st. UBS Group set a $175.00 price objective on Workday in a research report on Thursday, October 15th. Morgan Stanley lifted their target price on Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday, August 28th. Rothschild & Co Redburn boosted their target price on Workday from $210.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Finally, Capital One Financial cut their price target on Workday from $203.00 to $202.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Twenty-two analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $202.10.

Insiders Place Their Bets

In other news, major shareholder David Duffield sold 100,780 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $185.64, for a total value of $18,708,799.20. Following the completion of the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $19,501,296.36. The trade was a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 988,104 shares of company stock worth $188,811,574 over the last ninety days. Company insiders own 18.64% of the company’s stock.

Workday Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.