Shelton Capital Management Purchases 700 Shares of Workday, Inc. (NASDAQ:WDAY)

Shelton Capital Management raised its position in Workday, Inc. (NASDAQ:WDAY) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,719 shares of the software maker’s stock after acquiring an additional 700 shares during the period. Shelton Capital Management’s holdings in Workday were worth $6,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bristlecone Advisors LLC raised its stake in Workday by 49.6% in the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after acquiring an additional 968 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after purchasing an additional 1,978 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in shares of Workday during the 4th quarter valued at approximately $369,000. Finally, Principal Financial Group Inc. boosted its holdings in Workday by 45.0% in the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker’s stock worth $4,349,000 after buying an additional 5,519 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares in the company, valued at approximately $2,544,814.67. The trade was a 22.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 296,424 shares of company stock worth $74,332,103 in the last ninety days. 20.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on WDAY. UBS Group boosted their target price on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Morgan Stanley downgraded Workday from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Oppenheimer lifted their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. KeyCorp increased their price target on shares of Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus raised their price objective on shares of Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.18.

Workday Price Performance

Shares of Workday stock opened at $210.47 on Wednesday. The stock has a market capitalization of $55.99 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a fifty day moving average of $251.02 and a 200-day moving average of $253.33. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. 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 (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts expect 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.