Workday, Inc. (NASDAQ:WDAY) Stock Holdings Lifted by Quarry LP

Quarry LP lifted its position in Workday, Inc. (NASDAQ:WDAY) by 19.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 994 shares of the software maker’s stock after buying an additional 164 shares during the quarter. Quarry LP’s holdings in Workday were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Simplicity Wealth LLC increased its position in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after acquiring an additional 37 shares in the last quarter. Marcum Wealth LLC grew its position in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after purchasing an additional 41 shares in the last quarter. Custom Index Systems LLC grew its position in Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after purchasing an additional 41 shares in the last quarter. AllSquare Wealth Management LLC grew its position in Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its position in Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after purchasing an additional 43 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 1.1 %

Shares of NASDAQ:WDAY opened at $239.53 on Monday. The company has a market cap of $63.71 billion, a P/E ratio of 39.72, a P/E/G ratio of 3.55 and a beta of 1.32. The stock’s 50-day moving average is $240.73 and its 200-day moving average is $251.90. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Redburn Atlantic assumed coverage on shares of Workday in a research report on Wednesday, February 19th. They set a “neutral” rating on the stock. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus increased their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.86.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 over the last three months. 20.00% of the stock is owned by corporate insiders.

Workday Profile

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.