Workday, Inc. (NASDAQ:WDAY) Shares Bought by Mission Wealth Management LP

Mission Wealth Management LP grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,882 shares of the software maker’s stock after buying an additional 177 shares during the period. Mission Wealth Management LP’s holdings in Workday were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the last quarter. Geode Capital Management LLC raised its holdings in Workday by 61.9% during 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Workday by 60.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker’s stock worth $960,454,000 after buying an additional 1,406,088 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Workday by 1.5% in the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker’s stock valued at $911,027,000 after buying an additional 52,104 shares in the last quarter. Finally, FIL Ltd grew its position in shares of Workday by 6.5% in the 4th quarter. FIL Ltd now owns 2,963,124 shares of the software maker’s stock valued at $764,575,000 after buying an additional 181,899 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the transaction, the director now directly owns 67,500 shares of the company’s stock, valued at $16,767,675. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $22,111,395.96. This represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,666 shares of company stock valued at $38,465,025. Corporate insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several research analyst reports. Guggenheim restated a “neutral” rating on shares of Workday in a research note on Friday, May 23rd. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, May 21st. DA Davidson raised their price target on Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. KeyCorp cut their price target on Workday from $335.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Finally, Westpark Capital increased their price objective on Workday from $315.00 to $328.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $293.54.

Workday Stock Up 0.5%

WDAY opened at $245.65 on Tuesday. 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 12 month low of $199.81 and a 12 month high of $294.00. The stock has a market capitalization of $65.59 billion, a P/E ratio of 40.74, a P/E/G ratio of 3.55 and a beta of 1.24. The business has a 50 day simple moving average of $246.20 and a 200-day simple moving average of $252.43.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the company earned $1.74 earnings per share. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.