1,299 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Everpar Advisors LLC

Everpar Advisors LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, Holdings Channel reports. The fund bought 1,299 shares of the software maker’s stock, valued at approximately $359,000.

Several other hedge funds have also recently added to or reduced their stakes in WDAY. Vontobel Holding Ltd. raised its holdings in shares of Workday by 5.1% during the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after acquiring an additional 3,260 shares during the period. Morgan Stanley increased its holdings in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the last quarter. QRG Capital Management Inc. bought a new position in Workday during the third quarter valued at approximately $345,000. Assenagon Asset Management S.A. lifted its stake in Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after acquiring an additional 103,171 shares during the last quarter. Finally, Mariner LLC grew its position in Workday by 21.1% in the third quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after acquiring an additional 4,927 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The sale 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 56,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares of the company’s stock, valued at $223,302,270. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders have sold a total of 435,691 shares of company stock valued at $117,731,569 in the last 90 days. 21.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WDAY shares. Needham & Company LLC lifted their price objective on shares of Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. upped their price target on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group raised their price objective on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. BMO Capital Markets upped their target price on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus lifted their price target on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Price Performance

Shares of WDAY stock traded up $0.20 during mid-day trading on Wednesday, reaching $249.63. The company’s stock had a trading volume of 1,466,430 shares, compared to its average volume of 1,835,188. 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 firm’s 50-day moving average is $266.02 and its two-hundred day moving average is $266.06. Workday, Inc. has a 1-year low of $174.70 and a 1-year high of $311.28. The company has a market cap of $65.90 billion, a P/E ratio of 48.47, a PEG ratio of 6.39 and a beta of 1.33.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, research analysts predict that Workday, Inc. will post 1.76 earnings per share for the current year.

Workday Company 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.