Menard Financial Group LLC Increases Stock Position in Workday, Inc. (NASDAQ:WDAY)

Menard Financial Group LLC increased its position in Workday, Inc. (NASDAQ:WDAYGet Rating) by 24.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,052 shares of the software maker’s stock after purchasing an additional 401 shares during the quarter. Menard Financial Group LLC’s holdings in Workday were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Workday in the fourth quarter valued at $27,000. Riverview Trust Co acquired a new stake in Workday in the first quarter valued at $27,000. Arlington Partners LLC acquired a new stake in Workday in the fourth quarter valued at $28,000. Vigilant Capital Management LLC acquired a new stake in Workday in the first quarter valued at $36,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Workday during the first quarter worth $36,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

Several equities analysts have recently commented on the stock. Cowen lowered their price target on shares of Workday from $310.00 to $250.00 in a research report on Monday, May 23rd. Barclays lowered their price target on shares of Workday from $238.00 to $208.00 and set an “overweight” rating for the company in a research report on Friday, May 27th. Oppenheimer reiterated a “buy” rating and issued a $190.00 target price on shares of Workday in a research report on Wednesday, June 22nd. DA Davidson decreased their target price on shares of Workday from $250.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Finally, Monness Crespi & Hardt decreased their target price on shares of Workday to $200.00 in a research report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $255.58.

Shares of WDAY opened at $146.37 on Wednesday. The firm has a market cap of $37.18 billion, a PE ratio of -1,219.75 and a beta of 1.40. The firm’s 50 day moving average price is $163.62 and its 200 day moving average price is $213.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.56. Workday, Inc. has a twelve month low of $134.53 and a twelve month high of $307.81.

Workday (NASDAQ:WDAYGet Rating) last issued its quarterly earnings data on Thursday, May 26th. The software maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.03). Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted ($0.01) EPS. Workday’s revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Workday, Inc. will post -0.65 earnings per share for the current fiscal year.

In other news, CEO Gomez Luciano Fernandez sold 2,030 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $142.50, for a total value of $289,275.00. Following the sale, the chief executive officer now owns 265,605 shares in the company, valued at $37,848,712.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robynne Sisco sold 13,042 shares of the firm’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $218.13, for a total transaction of $2,844,851.46. Following the completion of the sale, the chief financial officer now owns 99,316 shares in the company, valued at approximately $21,663,799.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,977 shares of company stock worth $23,706,521. Corporate insiders own 21.74% of the company’s stock.

Workday Profile (Get Rating)

Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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