Grafton Street Partners Fund LP Purchases 52,770 Shares of Workday, Inc. (NASDAQ:WDAY)

Grafton Street Partners Fund LP increased its position in Workday, Inc. (NASDAQ:WDAY) by 291.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,870 shares of the software maker’s stock after acquiring an additional 52,770 shares during the period. Workday comprises approximately 13.3% of Grafton Street Partners Fund LP’s portfolio, making the stock its 3rd largest holding. Grafton Street Partners Fund LP’s holdings in Workday were worth $18,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in Workday in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in Workday during the 4th quarter worth approximately $26,000. Avion Wealth grew its holdings in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC bought a new stake in Workday in the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. raised its holdings in Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock worth $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 3.1 %

NASDAQ WDAY opened at $214.10 on Tuesday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $243.13 and a 200-day moving average of $252.17. The company has a market cap of $56.95 billion, a PE ratio of 35.51, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Loop Capital boosted their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Scotiabank dropped their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Monday, March 24th. Finally, Stifel Nicolaus raised their target price on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.25.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. This represents a 39.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares of the company’s stock, valued at $29,556,522. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. Insiders own 20.00% of the company’s stock.

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.