Benjamin Edwards Inc. Acquires 158 Shares of Workday, Inc. (NASDAQ:WDAY)

Benjamin Edwards Inc. raised its stake in Workday, Inc. (NASDAQ:WDAY) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,571 shares of the software maker’s stock after buying an additional 158 shares during the period. Benjamin Edwards Inc.’s holdings in Workday were worth $405,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WDAY. Simplicity Wealth LLC increased its stake in shares of Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after buying an additional 37 shares during the period. Marcum Wealth LLC raised its position in shares of Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares during the period. Custom Index Systems LLC lifted its stake in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after buying an additional 41 shares in the last quarter. AllSquare Wealth Management LLC raised its holdings in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after acquiring an additional 41 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 0.4 %

Shares of Workday stock opened at $259.01 on Friday. The company has a 50 day simple moving average of $238.49 and a two-hundred day simple moving average of $252.22. The firm has a market cap of $68.90 billion, a PE ratio of 42.95, a PEG ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. 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 (NASDAQ:WDAY) last announced 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 during the quarter, compared to analysts’ expectations of $2.18 billion. Analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the transaction, the insider now owns 102,997 shares in the company, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction 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 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. Corporate insiders own 19.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WDAY. Wells Fargo & Company lowered their target price on shares of Workday from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada lifted their price target on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their price objective on Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Daiwa America upgraded Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Finally, Scotiabank reduced their price target on shares of Workday from $355.00 to $305.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

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.