Three Seasons Wealth LLC Takes $918,000 Position in Workday, Inc. (NASDAQ:WDAY)

Three Seasons Wealth LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,558 shares of the software maker’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Vanguard Group Inc. lifted its holdings in Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after buying an additional 4,517,272 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Workday during the 4th quarter worth $658,735,000. Norges Bank acquired a new stake in shares of Workday in the 4th quarter worth approximately $645,710,000. Parnassus Investments LLC raised its stake in shares of Workday by 562.2% during the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock worth $631,589,000 after buying an additional 2,078,097 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker’s stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Workday news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction dated 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 completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. This trade represents a 39.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is owned by company insiders.

Workday Trading Up 5.3 %

NASDAQ WDAY opened at $236.87 on Friday. The stock has a market capitalization of $63.01 billion, a P/E ratio of 39.28, a P/E/G ratio of 3.55 and a beta of 1.32. The business has a 50 day simple moving average of $241.26 and a 200 day simple moving average of $251.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

Workday (NASDAQ:WDAY) last issued its 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). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several research analyst reports. Loop Capital lifted their price objective on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Mizuho reduced their target price on Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. BNP Paribas raised shares of Workday to a “strong-buy” rating in a report on Friday, February 14th. Finally, DA Davidson lowered their price objective on Workday from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $292.86.

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.