Workday, Inc. (NASDAQ:WDAY) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 19.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,078 shares of the software maker’s stock after purchasing an additional 678 shares during the quarter. New York Life Investment Management LLC’s holdings in Workday were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. Vontobel Holding Ltd. increased its position in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after acquiring an additional 3,260 shares during the period. Morgan Stanley increased its holdings in shares of Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Workday in the third quarter worth about $345,000. Assenagon Asset Management S.A. raised its stake in shares of Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock worth $76,902,000 after purchasing an additional 103,171 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Workday by 21.1% during the third quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after purchasing an additional 4,927 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Workday news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at $17,797,342.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 435,691 shares of company stock valued at $117,731,569. 21.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WDAY shares. UBS Group reduced their price target on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. JPMorgan Chase & Co. raised their target price on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Stifel Nicolaus upped their price target on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Citigroup lifted their price objective on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Finally, Needham & Company LLC upped their target price on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Trading Down 0.2 %

Shares of WDAY opened at $249.43 on Wednesday. The firm’s fifty day moving average is $266.02 and its two-hundred day moving average is $266.06. The stock has a market cap of $65.85 billion, a PE ratio of 48.43, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52-week low of $174.25 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data 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. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned ($0.14) EPS. Workday’s revenue was up 16.8% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

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.