Jump Financial LLC Acquires 2,992 Shares of Workday, Inc. (NASDAQ:WDAY)

Jump Financial LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,883 shares of the software maker’s stock after acquiring an additional 2,992 shares during the quarter. Jump Financial LLC’s holdings in Workday were worth $3,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WDAY. Virtu Financial LLC bought a new position in shares of Workday during the third quarter valued at approximately $2,289,000. Anchor Investment Management LLC increased its position in Workday by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock valued at $1,552,000 after buying an additional 368 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Workday during the third quarter valued at $4,893,000. Tidal Investments LLC boosted its holdings in Workday by 43.8% in the third quarter. Tidal Investments LLC now owns 13,546 shares of the software maker’s stock worth $3,311,000 after acquiring an additional 4,128 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Workday by 5.7% in the third quarter. Synovus Financial Corp now owns 19,590 shares of the software maker’s stock worth $4,788,000 after acquiring an additional 1,051 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 in the last three months. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on shares of Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. DA Davidson dropped their target price on shares of Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday. Jefferies Financial Group cut their price target on shares of Workday from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Morgan Stanley lowered their price objective on Workday from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Daiwa America raised Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.25.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $221.02 on Friday. The firm’s 50 day simple moving average is $244.84 and its 200-day simple moving average is $252.32. 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 one year low of $199.81 and a one year high of $294.00. The firm has a market cap of $58.79 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. As a group, equities analysts predict 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.