Workday, Inc. (NASDAQ:WDAY) Stake Boosted by Brighton Jones LLC

Brighton Jones LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 60.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,260 shares of the software maker’s stock after acquiring an additional 477 shares during the period. Brighton Jones LLC’s holdings in Workday were worth $282,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its holdings in Workday by 17.6% in the first quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock worth $8,849,000 after purchasing an additional 4,865 shares in the last quarter. ORG Partners LLC boosted its holdings in Workday by 3,717.9% in the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock worth $721,000 after purchasing an additional 3,123 shares in the last quarter. Bornite Capital Management LP bought a new stake in Workday during the fourth quarter valued at about $34,508,000. Nordea Investment Management AB boosted its holdings in Workday by 3.0% during the first quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock valued at $128,851,000 after acquiring an additional 13,502 shares during the period. Finally, Bain Capital Public Equity LP boosted its holdings in Workday by 32.5% during the fourth quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock valued at $6,203,000 after acquiring an additional 5,513 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Richard Harry Sauer sold 3,134 shares of the stock in a transaction that occurred on 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 directly owns 92,014 shares of the company’s stock, valued at $20,856,813.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $23,059,998.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the completion of the sale, the insider now owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The disclosure for this sale can be found here. Insiders have sold 467,402 shares of company stock valued at $109,864,184 over the last three months. 20.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Morgan Stanley decreased their price target on shares of Workday from $325.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, August 23rd. The Goldman Sachs Group upped their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday. Guggenheim restated a “sell” rating and set a $190.00 price target on shares of Workday in a report on Tuesday, June 25th. Finally, Wells Fargo & Company upped their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $286.48.

Workday Stock Performance

NASDAQ WDAY opened at $248.29 on Monday. The firm has a market cap of $65.80 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 5.07 and a beta of 1.35. The company has a 50 day moving average of $237.48 and a 200-day moving average of $241.95. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.40 earnings per share. Workday’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts forecast that Workday, Inc. will post 2.39 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.