Signaturefd LLC Has $957,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Signaturefd LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,466 shares of the software maker’s stock after purchasing an additional 86 shares during the quarter. Signaturefd LLC’s holdings in Workday were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Workday by 12.3% in the 3rd quarter. CWM LLC now owns 3,691 shares of the software maker’s stock valued at $793,000 after buying an additional 405 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of Workday by 88.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 359 shares of the software maker’s stock valued at $81,000 after purchasing an additional 168 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Workday in the third quarter worth $430,000. Global Retirement Partners LLC raised its holdings in Workday by 68.5% during the third quarter. Global Retirement Partners LLC now owns 332 shares of the software maker’s stock valued at $70,000 after buying an additional 135 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Workday by 0.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,656 shares of the software maker’s stock worth $4,867,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder David A. Duffield sold 64,329 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the sale, the insider now directly owns 165,932 shares in the company, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 over the last quarter. 21.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on WDAY shares. Mizuho raised their price objective on Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Wells Fargo & Company boosted their target price on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. TheStreet raised shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Stifel Nicolaus lifted their target price on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of Workday in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Price Performance

Shares of WDAY stock opened at $253.53 on Tuesday. Workday, Inc. has a twelve month low of $174.25 and a twelve month high of $311.28. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 6.30 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $277.28 and its 200 day moving average is $263.35.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted ($0.14) EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Research analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

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.