&Partners Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

&Partners purchased a new stake in Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,385 shares of the software maker’s stock, valued at approximately $310,000.

Several other institutional investors have also made changes to their positions in the stock. VisionPoint Advisory Group LLC raised its holdings in Workday by 27.6% in the 4th quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock valued at $43,000 after acquiring an additional 34 shares in the last quarter. Carolinas Wealth Consulting LLC raised its stake in Workday by 9.7% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock valued at $106,000 after purchasing an additional 34 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in Workday by 2.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 1,658 shares of the software maker’s stock worth $458,000 after purchasing an additional 39 shares during the period. Raleigh Capital Management Inc. grew its stake in Workday by 4.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 869 shares of the software maker’s stock worth $240,000 after buying an additional 39 shares in the last quarter. Finally, Hudson Value Partners LLC increased its holdings in Workday by 0.8% in the 4th quarter. Hudson Value Partners LLC now owns 5,135 shares of the software maker’s stock valued at $1,418,000 after buying an additional 40 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WDAY shares. Mizuho decreased their price objective on shares of Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. DA Davidson lifted their price target on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank of Canada reduced their price objective on Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Barclays boosted their target price on Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America raised their price target on shares of Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.15.

Workday Price Performance

Shares of WDAY opened at $259.95 on Monday. The firm has a market cap of $68.89 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 5.82 and a beta of 1.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The business’s 50 day moving average price is $223.72 and its two-hundred day moving average price is $247.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.46%. Workday’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts anticipate that Workday, Inc. will post 2.12 EPS for the current year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 82,762 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total value of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The sale 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 3,134 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total value of $710,383.78. Following the transaction, 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 can be accessed through this link. Also, major shareholder David A. Duffield sold 82,762 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $21,658,209.16. The disclosure for this sale can be found here. Insiders have sold 524,672 shares of company stock valued at $115,938,834 in the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

About Workday

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.