1,037 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,037 shares of the software maker’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Beacon Capital Management LLC boosted its holdings in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after buying an additional 70 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Workday by 1,750.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Workday during the 4th quarter worth $33,000. VisionPoint Advisory Group LLC increased its stake in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the last quarter. Finally, Clear Street Markets LLC purchased a new stake in Workday during the third quarter valued at about $29,000. Institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ:WDAY traded down $3.02 during trading hours on Friday, hitting $251.04. 2,548,897 shares of the stock traded hands, compared to its average volume of 1,760,684. The stock has a 50 day moving average price of $274.53 and a 200 day moving average price of $263.53. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market cap of $66.27 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 6.39 and a beta of 1.32. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.14) EPS. Sell-side analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Tuesday, February 27th. Needham & Company LLC upped their target price on Workday from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Mizuho boosted their price objective on shares of Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. TheStreet raised shares of Workday from a “c” rating to a “b-” rating in a research note on Monday, February 26th. Finally, Wells Fargo & Company raised their price objective on shares of Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the sale, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $276.95, for a total transaction of $15,509,200.00. Following the transaction, the insider now directly owns 1,011,000 shares of the company’s stock, valued at $279,996,450. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now 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 three months, insiders sold 435,691 shares of company stock valued at $117,731,569. Insiders own 21.09% of the company’s stock.

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.