1,983 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Argentarii LLC

Argentarii LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,983 shares of the software maker’s stock, valued at approximately $463,000.

Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new position in Workday in the fourth quarter valued at $35,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday during the 1st quarter worth about $32,000. Rakuten Securities Inc. increased its position in Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 66 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after buying an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in Workday during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. This represents a 80.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 72,917 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $238.96, for a total transaction of $17,424,246.32. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at $24,612,163.12. The trade was a 41.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 331,775 shares of company stock valued at $77,836,828 over the last three months. Corporate insiders own 19.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Westpark Capital upped their price target on shares of Workday from $315.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. DA Davidson boosted their target price on shares of Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Loop Capital cut their price objective on shares of Workday from $285.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, May 23rd. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Friday, May 23rd. Finally, Oppenheimer dropped their target price on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $297.68.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $242.03 on Friday. The company has a market cap of $64.62 billion, a PE ratio of 133.72, a P/E/G ratio of 3.65 and a beta of 1.21. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a 50-day simple moving average of $249.27 and a 200 day simple moving average of $249.54. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 8.00% and a net margin of 5.60%. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.