Yousif Capital Management LLC Acquires 77 Shares of Workday, Inc. (NASDAQ:WDAY)

Yousif Capital Management LLC lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,343 shares of the software maker’s stock after acquiring an additional 77 shares during the quarter. Yousif Capital Management LLC’s holdings in Workday were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its position in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after purchasing an additional 3,260 shares during the period. Morgan Stanley lifted its holdings in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the period. QRG Capital Management Inc. bought a new stake in Workday during the 3rd quarter valued at approximately $345,000. Assenagon Asset Management S.A. grew its holdings in shares of Workday by 58.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock worth $76,902,000 after acquiring an additional 103,171 shares during the period. Finally, Mariner LLC grew its holdings in shares of Workday by 21.1% during the 3rd quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock worth $6,081,000 after acquiring an additional 4,927 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several research reports. Stifel Nicolaus lifted their price target on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their price target on shares of Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. StockNews.com cut shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. Citigroup upped their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Finally, KeyCorp lifted their target price on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $293.61.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,633,065.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Workday news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total value of $17,498,142.09. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by company insiders.

Workday Price Performance

NASDAQ:WDAY opened at $255.78 on Monday. The stock has a 50 day moving average of $268.07 and a two-hundred day moving average of $265.53. Workday, Inc. has a 12 month low of $174.25 and a 12 month high of $311.28. The firm has a market cap of $67.53 billion, a P/E ratio of 49.67, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last released its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, analysts expect that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Workday Company 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.