Inceptionr LLC Purchases 2,775 Shares of Workday, Inc. (NASDAQ:WDAY)

Inceptionr LLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 74.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,523 shares of the software maker’s stock after acquiring an additional 2,775 shares during the period. Inceptionr LLC’s holdings in Workday were worth $1,683,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WDAY. Crews Bank & Trust bought a new position in Workday during the 4th quarter worth approximately $26,000. Roxbury Financial LLC bought a new position in Workday during the 4th quarter worth approximately $25,000. Avion Wealth grew its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Workday during the 3rd quarter worth approximately $26,000. Finally, Meeder Asset Management Inc. grew its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WDAY. Guggenheim restated a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $302.14.

Workday Stock Up 2.4 %

WDAY stock opened at $259.61 on Thursday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market cap of $69.06 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 3.55 and a beta of 1.35. The business has a 50 day moving average of $258.98 and a 200 day moving average of $255.49.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $26,729,781.44. This represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock worth $113,033,319 over the last quarter. 20.00% of the stock is currently owned by insiders.

About Workday

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.