Workday, Inc. (NASDAQ:WDAY) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 10.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391 shares of the software maker’s stock after purchasing an additional 228 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Workday were worth $597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WDAY. Geode Capital Management LLC lifted its position in shares of Workday by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker’s stock valued at $698,285,000 after acquiring an additional 76,618 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Workday during the third quarter valued at $581,000. M&T Bank Corp boosted its position in shares of Workday by 3.6% in the 3rd quarter. M&T Bank Corp now owns 16,914 shares of the software maker’s stock valued at $4,134,000 after purchasing an additional 583 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Workday by 23.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 78,156 shares of the software maker’s stock valued at $19,102,000 after purchasing an additional 14,861 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Workday in the 3rd quarter worth about $6,020,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $245.36, for a total value of $13,740,160.00. Following the transaction, the insider now directly owns 449,000 shares of the company’s stock, valued at $110,166,640. The trade was a 11.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 361,463 shares of company stock worth $88,422,088. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 0.4 %

NASDAQ:WDAY opened at $273.67 on Friday. The company’s 50 day moving average is $253.74 and its 200-day moving average is $238.74. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The firm has a market cap of $72.52 billion, a price-to-earnings ratio of 45.38, a P/E/G ratio of 5.02 and a beta of 1.34.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts anticipate that Workday, Inc. will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WDAY shares. Wells Fargo & Company raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group raised their price objective on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus raised their target price on Workday from $250.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley upped their price target on Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.64.

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.