17 Capital Partners LLC Purchases 970 Shares of Workday, Inc. $WDAY

17 Capital Partners LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 34.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,824 shares of the software maker’s stock after acquiring an additional 970 shares during the quarter. 17 Capital Partners LLC’s holdings in Workday were worth $918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Workday by 66.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,350 shares of the software maker’s stock valued at $549,000 after buying an additional 941 shares during the period. IFP Advisors Inc raised its position in shares of Workday by 14.2% in the 1st quarter. IFP Advisors Inc now owns 2,862 shares of the software maker’s stock valued at $669,000 after buying an additional 355 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Workday by 35.4% during the 1st quarter. Lindbrook Capital LLC now owns 723 shares of the software maker’s stock worth $169,000 after acquiring an additional 189 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in shares of Workday by 5.9% during the 1st quarter. Crestwood Advisors Group LLC now owns 4,418 shares of the software maker’s stock worth $1,032,000 after acquiring an additional 248 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the transaction, the chief executive officer owned 20,222 shares of the company’s stock, valued at approximately $4,803,129.44. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is currently owned by insiders.

Workday Price Performance

Shares of WDAY opened at $223.86 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market cap of $59.77 billion, a PE ratio of 103.64, a PEG ratio of 2.81 and a beta of 1.11. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The business has a 50-day simple moving average of $234.14 and a two-hundred day simple moving average of $237.49.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm posted $1.75 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. DA Davidson boosted their price target on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Canaccord Genuity Group dropped their price objective on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. UBS Group set a $304.00 target price on Workday in a research report on Friday, August 22nd. Finally, Oppenheimer lowered their target price on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.86.

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.