&Partners Takes $310,000 Position in Workday, Inc. (NASDAQ:WDAY)

&Partners purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,385 shares of the software maker’s stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Workday during the fourth quarter valued at approximately $134,000. Yousif Capital Management LLC raised its stake in shares of Workday by 3.4% in the fourth quarter. Yousif Capital Management LLC now owns 2,343 shares of the software maker’s stock worth $647,000 after purchasing an additional 77 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Workday by 7.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 9,710 shares of the software maker’s stock valued at $2,681,000 after purchasing an additional 657 shares in the last quarter. Bailard Inc. bought a new position in shares of Workday during the fourth quarter valued at $208,000. Finally, Paradigm Financial Partners LLC bought a new position in Workday during the 4th quarter valued at about $227,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WDAY shares. Loop Capital boosted their target price on shares of Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research note on Friday. Canaccord Genuity Group raised their target price on Workday from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein cut their price target on Workday from $321.00 to $301.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Bank of America increased their price objective on shares of Workday from $265.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada cut their price objective on shares of Workday from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.15.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the sale, the insider now owns 786,000 shares in the company, valued at approximately $164,407,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $229.32, for a total value of $12,841,920.00. Following the sale, the insider now owns 562,000 shares in the company, valued at $128,877,840. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the sale, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The disclosure for this sale can be found here. In the last 90 days, insiders sold 524,672 shares of company stock worth $115,938,834. 20.00% of the stock is currently owned by company insiders.

Workday Stock Up 12.5 %

Shares of WDAY opened at $259.95 on Monday. The business’s 50 day simple moving average is $223.72 and its 200-day simple moving average is $247.62. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market capitalization of $68.89 billion, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 5.82 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.46%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities analysts expect that Workday, Inc. will post 2.12 earnings per share for the current fiscal 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.