753 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Bailard Inc.

Bailard Inc. acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, HoldingsChannel reports. The fund acquired 753 shares of the software maker’s stock, valued at approximately $208,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Workday by 1.9% in the third quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after acquiring an additional 263,994 shares during the period. Wellington Management Group LLP boosted its holdings in Workday by 37.4% in the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the period. Polen Capital Management LLC grew its position in shares of Workday by 2.0% during the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock worth $848,726,000 after purchasing an additional 78,352 shares in the last quarter. Morgan Stanley increased its holdings in shares of Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after purchasing an additional 872,288 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Workday by 8.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,629,780 shares of the software maker’s stock valued at $564,976,000 after buying an additional 206,112 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Tuesday, February 27th. Barclays reduced their target price on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. BMO Capital Markets upped their price objective on shares of Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. Stifel Nicolaus increased their price objective on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Finally, StockNews.com cut shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Stock Down 0.9 %

Shares of NASDAQ WDAY opened at $248.77 on Tuesday. The company has a 50 day simple moving average of $272.42 and a 200 day simple moving average of $264.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The firm has a market cap of $65.68 billion, a PE ratio of 48.30, a price-to-earnings-growth ratio of 6.27 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, research analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the transaction, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 in the last three months. Insiders own 21.09% of the company’s stock.

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.