948 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 948 shares of the software maker’s stock, valued at approximately $245,000.

Several other institutional investors have also recently made changes to their positions in WDAY. Roxbury Financial LLC purchased a new position in shares of Workday in the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Workday in the 3rd quarter worth about $26,000. Crews Bank & Trust purchased a new position in Workday during the 4th quarter valued at about $26,000. Avion Wealth increased its position in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Wells Fargo & Company increased their price objective on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America reduced their target price on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $302.14.

Workday Trading Down 3.9 %

Shares of WDAY opened at $260.57 on Friday. The firm has a fifty day simple moving average of $259.89 and a two-hundred day simple moving average of $254.28. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $298.50. The stock has a market capitalization of $69.31 billion, a P/E ratio of 43.21, a PEG ratio of 3.55 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the transaction, the insider now directly owns 284,000 shares of the company’s stock, valued at $78,188,040. This represents a 16.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 433,321 shares of company stock valued at $111,763,803 over the last quarter. 20.00% of the stock is owned by company insiders.

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.