3,615 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp purchased a new position in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,615 shares of the software maker’s stock, valued at approximately $933,000. Workday makes up approximately 0.9% of Murphy & Mullick Capital Management Corp’s portfolio, making the stock its 27th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in shares of Workday in the 4th quarter worth $25,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter worth $26,000. Avion Wealth lifted its stake in shares of Workday by 452.6% in 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 in the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday during the fourth quarter valued at about $35,000. Finally, True Wealth Design LLC increased its position in shares of Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 71,672 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,602,994.26. This trade represents a 41.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the transaction, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,001 shares of company stock worth $105,735,200 in the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Price Performance

Shares of NASDAQ WDAY opened at $252.83 on Wednesday. The stock has a fifty day moving average of $256.97 and a 200-day moving average of $255.03. The stock has a market cap of $67.25 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WDAY shares. Redburn Atlantic began coverage on Workday in a research note on Wednesday, February 19th. They set a “neutral” rating for the company. Loop Capital increased their price target on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. BMO Capital Markets lifted their price objective on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $300.36.

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.