Linden Thomas Advisory Services LLC Raises Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Linden Thomas Advisory Services LLC lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,462 shares of the software maker’s stock after purchasing an additional 563 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Workday were worth $1,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC grew its holdings in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after purchasing an additional 70 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares during the last quarter. Clear Street Markets LLC bought a new position in shares of Workday in the third quarter worth approximately $29,000. Exchange Traded Concepts LLC grew its holdings in shares of Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Workday in the fourth quarter worth approximately $33,000. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on WDAY shares. UBS Group cut their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Morgan Stanley dropped their price target on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Barclays dropped their price target on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. BMO Capital Markets raised their price target on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, StockNews.com lowered Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $293.61.

View Our Latest Analysis on Workday

Workday Price Performance

NASDAQ WDAY opened at $255.74 on Thursday. The stock has a 50-day moving average of $275.55 and a 200 day moving average of $263.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a market capitalization of $67.52 billion, a price-to-earnings ratio of 49.66, a PEG ratio of 6.42 and a beta of 1.32.

Workday (NASDAQ:WDAYGet Free Report) last posted its quarterly earnings results 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 return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm earned ($0.14) EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the sale, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,691 shares of company stock valued at $117,731,569. Corporate insiders own 21.09% of the company’s stock.

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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