Smithfield Trust Co Has $194,000 Position in Workday, Inc. (NASDAQ:WDAY)

Smithfield Trust Co grew its position in Workday, Inc. (NASDAQ:WDAY) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 760 shares of the software maker’s stock after acquiring an additional 84 shares during the quarter. Smithfield Trust Co’s holdings in Workday were worth $194,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WDAY. Roxbury Financial LLC acquired a new stake in Workday in the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Workday during the third quarter worth $26,000. Crews Bank & Trust acquired a new position in Workday during the fourth quarter worth $26,000. Avion Wealth increased its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during 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 during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WDAY has been the topic of several analyst reports. StockNews.com downgraded shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Barclays reduced their target price on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Royal Bank of Canada boosted their target price on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. UBS Group raised their target price on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Bank of America lowered their target price on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Trading Up 2.4 %

Shares of WDAY stock opened at $259.61 on Thursday. The company has a market capitalization of $69.06 billion, a P/E ratio of 43.05, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm has a 50-day moving average price of $258.98 and a 200 day moving average price of $255.49. 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 return on equity of 6.13% and a net margin of 19.86%. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other news, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares in the company, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. The trade was a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock valued at $113,033,319 over the last ninety days. 20.00% of the stock is owned by 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.