Workday, Inc. (NASDAQ:WDAY) Shares Bought by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 21.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,250 shares of the software maker’s stock after purchasing an additional 571 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Workday were worth $852,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on WDAY. Scotiabank decreased their target price on Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. BMO Capital Markets raised their price objective on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. KeyCorp increased their target price on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Jefferies Financial Group cut their price objective on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. increased their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.86.

Workday Stock Up 5.3 %

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

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. The trade was 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 Workday stock in a transaction on Thursday, February 27th. The stock was 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 approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last three months. 20.00% of the stock is owned by insiders.

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.