Van ECK Associates Corp Acquires 98 Shares of Workday, Inc. (NASDAQ:WDAY)

Van ECK Associates Corp boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,230 shares of the software maker’s stock after purchasing an additional 98 shares during the quarter. Van ECK Associates Corp’s holdings in Workday were worth $1,444,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WDAY. Wellington Management Group LLP lifted its position 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 acquiring an additional 1,406,153 shares in the last quarter. Winslow Capital Management LLC lifted its position in Workday by 76.4% in the 3rd quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker’s stock valued at $496,436,000 after acquiring an additional 1,000,922 shares in the last quarter. Morgan Stanley lifted its position in shares of Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares in the last quarter. Alkeon Capital Management LLC bought a new position in shares of Workday during the 3rd quarter worth approximately $107,425,000. Finally, Invesco Ltd. lifted its position in shares of Workday by 22.1% during the 3rd quarter. Invesco Ltd. now owns 1,802,209 shares of the software maker’s stock worth $387,205,000 after buying an additional 326,283 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’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 completion of the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday 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 completion of the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 in the last three months. Corporate insiders own 21.09% of the company’s stock.

Workday Stock Down 1.5 %

WDAY opened at $245.96 on Friday. The company has a fifty day moving average price of $265.10 and a 200-day moving average price of $265.94. The firm has a market capitalization of $64.93 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. 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 one year low of $174.70 and a one year high of $311.28.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group lifted their target price on shares of Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Mizuho lifted their target price on shares of Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. StockNews.com cut shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. Needham & Company LLC lifted their target price on shares of Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $293.61.

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.