Workday, Inc. (NASDAQ:WDAY) Stock Holdings Increased by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,669 shares of the software maker’s stock after purchasing an additional 137 shares during the period. Westover Capital Advisors LLC’s holdings in Workday were worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WDAY. ORG Partners LLC lifted its stake in Workday by 1.2% in the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock valued at $788,000 after acquiring an additional 34 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares in the last quarter. Meitav Investment House Ltd. increased its position in Workday by 2.6% during the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after buying an additional 36 shares during the last quarter. Cigna Investments Inc. New raised its holdings in Workday by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after buying an additional 37 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its position in shares of Workday by 0.9% in the fourth quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock worth $1,294,000 after buying an additional 40 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $6.67 during midday trading on Thursday, reaching $251.63. The company’s stock had a trading volume of 2,902,224 shares, compared to its average volume of 1,801,397. The business’s fifty day simple moving average is $270.19 and its 200-day simple moving average is $264.67. 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 fifty-two week low of $174.25 and a fifty-two week high of $311.28. The company has a market capitalization of $66.43 billion, a P/E ratio of 47.57, a P/E/G ratio of 6.11 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

WDAY has been the topic of several analyst reports. Barclays lowered their price target on Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. The Goldman Sachs Group lifted their price objective on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. KeyCorp increased their target price on Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Tuesday, February 27th. Finally, UBS Group decreased their price target on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. One investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total value of $1,352,600.00. Following the transaction, the director now owns 105,000 shares of the company’s stock, valued at approximately $28,404,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 in the last quarter. Insiders own 21.09% of the company’s stock.

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.