Evanson Asset Management LLC Has $772,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Evanson Asset Management LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 45.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,992 shares of the software maker’s stock after buying an additional 929 shares during the quarter. Evanson Asset Management LLC’s holdings in Workday were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Workday in the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. raised its stake in Workday by 42.2% during the 3rd 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 last quarter. True Wealth Design LLC boosted its holdings in Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the period. New Millennium Group LLC grew its position in Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock worth $36,000 after purchasing an additional 94 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new position in shares of Workday during the 2nd quarter worth about $35,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Stock Down 0.4 %

NASDAQ WDAY opened at $249.64 on Monday. The stock has a market capitalization of $66.40 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a fifty day moving average of $262.40 and a 200-day moving average of $246.79.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts forecast that Workday, Inc. will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WDAY. Scotiabank started coverage on Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 target price on the stock. Barclays decreased their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and raised their target price for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. Mizuho lifted their price target on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Guggenheim upgraded shares of Workday from a “sell” rating to a “neutral” rating in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $292.25.

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.