4,646 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,646 shares of the software maker’s stock, valued at approximately $1,199,000.

Several other institutional investors also recently modified their holdings of WDAY. Parnassus Investments LLC increased its holdings in shares of Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock valued at $631,589,000 after buying an additional 2,078,097 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Workday in the fourth quarter valued at $194,679,000. Two Sigma Advisers LP increased its holdings in shares of Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after buying an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock valued at $350,921,000 after buying an additional 524,799 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.4 %

WDAY stock opened at $249.49 on Friday. The firm has a market cap of $66.36 billion, a PE ratio of 41.37, a PEG ratio of 3.55 and a beta of 1.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a fifty day simple moving average of $256.76 and a 200 day simple moving average of $255.11.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) 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 firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares in the company, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $25,602,994.26. The trade was a 41.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 473,001 shares of company stock worth $120,614,400 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on WDAY. The Goldman Sachs Group upped their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Loop Capital lifted their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, February 19th. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Mizuho lifted their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $300.36.

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.