Evolutionary Tree Capital Management LLC Purchases 1,852 Shares of Workday, Inc. (NASDAQ:WDAY)

Evolutionary Tree Capital Management LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 19.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,499 shares of the software maker’s stock after buying an additional 1,852 shares during the period. Workday comprises 2.6% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Evolutionary Tree Capital Management LLC’s holdings in Workday were worth $2,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in Workday by 9.7% in the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after purchasing an additional 301,463 shares during the last quarter. Clearbridge Investments LLC boosted its position in Workday by 12.4% during the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Workday by 5.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,511,764 shares of the software maker’s stock valued at $417,338,000 after buying an additional 75,903 shares during the last quarter. Finally, Meritage Group LP increased its holdings in shares of Workday by 27.5% in the first quarter. Meritage Group LP now owns 1,277,359 shares of the software maker’s stock worth $348,400,000 after buying an additional 275,883 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WDAY. Barclays increased their target price on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Morgan Stanley dropped their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a research note on Friday, August 23rd. Wells Fargo & Company lifted their target price on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, KeyCorp boosted their price objective on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One investment 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 company’s stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $286.48.

Workday Stock Up 0.3 %

NASDAQ:WDAY opened at $248.29 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The firm’s 50-day moving average price is $237.48 and its 200-day moving average price is $242.12. The company has a market capitalization of $65.80 billion, a PE ratio of 44.74, a P/E/G ratio of 5.07 and a beta of 1.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts predict that Workday, Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares in the company, valued at approximately $20,856,813.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the sale, the insider now owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the completion of the sale, the insider now owns 196,344 shares of the company’s stock, valued at $51,106,379.76. The disclosure for this sale can be found here. Insiders have sold 467,402 shares of company stock worth $109,864,184 in the last 90 days. Insiders own 20.00% of the company’s stock.

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.