2,133 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Strive Asset Management LLC

Strive Asset Management LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,133 shares of the software maker’s stock, valued at approximately $550,000.

A number of other large investors also recently modified their holdings of WDAY. SeaCrest Wealth Management LLC grew its position in Workday by 8.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,228 shares of the software maker’s stock valued at $317,000 after acquiring an additional 92 shares during the period. Park Avenue Securities LLC boosted its holdings in Workday by 9.1% in the fourth quarter. Park Avenue Securities LLC now owns 9,105 shares of the software maker’s stock valued at $2,349,000 after acquiring an additional 760 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Workday by 19.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,764 shares of the software maker’s stock valued at $455,000 after acquiring an additional 285 shares during the last quarter. Procyon Advisors LLC lifted its stake in Workday by 2.5% in the fourth quarter. Procyon Advisors LLC now owns 8,502 shares of the software maker’s stock valued at $2,194,000 after buying an additional 211 shares during the period. Finally, Merit Financial Group LLC acquired a new position in Workday in the fourth quarter valued at about $578,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

NASDAQ:WDAY opened at $273.05 on Friday. The company has a market cap of $72.63 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.55 and a beta of 1.30. 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 stock’s 50 day simple moving average is $240.57 and its two-hundred day simple moving average is $253.40. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WDAY. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Mizuho decreased their price objective on Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on Workday from $275.00 to $250.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. UBS Group raised their price target on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets raised their price target on Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now owns 34,385 shares of the company’s stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at $29,556,522. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 321,724 shares of company stock valued at $77,976,126. Corporate insiders own 19.31% of the company’s stock.

About Workday

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.