Diversified Trust Co Purchases 1,928 Shares of Workday, Inc. (NASDAQ:WDAY)

Diversified Trust Co increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,474 shares of the software maker’s stock after buying an additional 1,928 shares during the quarter. Diversified Trust Co’s holdings in Workday were worth $2,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in shares of Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after purchasing an additional 1,978 shares during the period. Grafton Street Partners Fund LP acquired a new position in Workday during the third quarter worth $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Workday by 32.4% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after buying an additional 7,802 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Workday by 7.4% in the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after buying an additional 118,180 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock valued at $10,833,000 after buying an additional 7,175 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Workday stock opened at $249.68 on Wednesday. The firm has a market capitalization of $66.41 billion, a P/E ratio of 41.41, a PEG ratio of 5.04 and a beta of 1.34. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $261.60 and a 200-day moving average price of $245.37.

Workday (NASDAQ:WDAY) last issued 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 return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts forecast that Workday, Inc. will post 2.58 EPS for the current year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Monday, January 6th. The stock was 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 owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 370,085 shares of company stock valued at $95,380,557. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Mizuho raised their target price on Workday from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wells Fargo & Company increased their price target on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Thursday, September 19th. Finally, Scotiabank initiated coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price for the company. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.36.

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.