15,169 Shares in Workday, Inc. $WDAY Purchased by Brookstone Capital Management

Brookstone Capital Management acquired a new stake in Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,169 shares of the software maker’s stock, valued at approximately $3,652,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Workday in the second quarter valued at approximately $442,702,000. Generation Investment Management LLP boosted its position in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after purchasing an additional 778,301 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Workday by 415.6% during the 2nd quarter. AQR Capital Management LLC now owns 675,148 shares of the software maker’s stock worth $162,036,000 after purchasing an additional 544,192 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Workday by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after purchasing an additional 515,529 shares during the period. Finally, Fernbridge Capital Management LP increased its holdings in shares of Workday by 58.6% in the 2nd quarter. Fernbridge Capital Management LP now owns 1,241,380 shares of the software maker’s stock valued at $297,931,000 after purchasing an additional 458,598 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total value of $1,484,500.00. Following the transaction, the chief executive officer directly owned 20,222 shares in the company, valued at approximately $4,803,129.44. This represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,025 shares of Workday stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $212.19, for a total transaction of $17,404,884.75. Following the sale, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,290,347.31. This trade represents a 43.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 266,937 shares of company stock worth $59,316,578 in the last ninety days. Company insiders own 19.31% of the company’s stock.

Workday Price Performance

WDAY stock opened at $220.70 on Friday. The stock’s 50 day moving average price is $225.39 and its 200 day moving average price is $230.52. The firm has a market cap of $58.04 billion, a P/E ratio of 92.73, a PEG ratio of 2.49 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.83 and a current ratio of 1.83. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $283.68.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. Raymond James Financial began coverage on shares of Workday in a report on Friday, November 21st. They set a “market perform” rating on the stock. Loop Capital set a $280.00 price target on Workday in a research note on Wednesday, December 10th. KeyCorp dropped their price objective on Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Workday in a report on Wednesday, November 26th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Workday in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $282.22.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.