Greenleaf Trust Has $582,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Greenleaf Trust grew its position in Workday, Inc. (NASDAQ:WDAY) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,110 shares of the software maker’s stock after purchasing an additional 136 shares during the period. Greenleaf Trust’s holdings in Workday were worth $582,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cannon Global Investment Management LLC acquired a new stake in shares of Workday in the 4th quarter valued at $386,000. AIA Group Ltd raised its holdings in shares of Workday by 1.9% in the fourth quarter. AIA Group Ltd now owns 36,725 shares of the software maker’s stock valued at $10,138,000 after buying an additional 676 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Workday by 25.4% in the fourth quarter. Federated Hermes Inc. now owns 439,512 shares of the software maker’s stock valued at $121,332,000 after buying an additional 89,039 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Workday by 44.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 436 shares of the software maker’s stock valued at $120,000 after buying an additional 134 shares during the last quarter. Finally, Slow Capital Inc. raised its holdings in shares of Workday by 1.8% in the fourth quarter. Slow Capital Inc. now owns 9,879 shares of the software maker’s stock valued at $2,727,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the transaction, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 in the last quarter. 21.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho lifted their price target on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Citigroup lifted their price target on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of Workday in a report on Tuesday, February 27th. Needham & Company LLC boosted their price objective on Workday from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Barclays dropped their price objective on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Price Performance

Shares of WDAY opened at $253.53 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50 day simple moving average of $277.28 and a 200 day simple moving average of $263.35. Workday, Inc. has a 52-week low of $174.25 and a 52-week high of $311.28. The firm has a market capitalization of $66.93 billion, a PE ratio of 49.23, a P/E/G ratio of 6.30 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts predict 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.