Coldstream Capital Management Inc. Has $965,000 Stock Holdings in Workday, Inc. $WDAY

Coldstream Capital Management Inc. boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 23.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,020 shares of the software maker’s stock after purchasing an additional 763 shares during the period. Coldstream Capital Management Inc.’s holdings in Workday were worth $965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Cetera Investment Advisers raised its position in Workday by 1.3% in the first quarter. Cetera Investment Advisers now owns 48,944 shares of the software maker’s stock valued at $11,430,000 after purchasing an additional 610 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of Workday by 33.3% during the first quarter. Mediolanum International Funds Ltd now owns 5,890 shares of the software maker’s stock valued at $1,405,000 after purchasing an additional 1,473 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Workday by 9.6% during the first quarter. HB Wealth Management LLC now owns 8,295 shares of the software maker’s stock valued at $1,937,000 after purchasing an additional 729 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Workday by 45.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,191 shares of the software maker’s stock worth $22,697,000 after purchasing an additional 30,429 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $233.69 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $234.34 and its two-hundred day simple moving average is $236.62. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The stock has a market capitalization of $62.40 billion, a P/E ratio of 108.19, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $1.89 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. As a group, analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

WDAY has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Oppenheimer dropped their price target on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus reduced their price objective on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Evercore ISI increased their price objective on Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, Bank of America cut their target price on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.86.

Insider Activity

In other news, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider owned 102,997 shares in the company, valued at $22,671,699.64. The trade was a 43.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 264,933 shares of company stock worth $61,475,760. Company insiders own 20.00% of the company’s stock.

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.