Ceera Investments LLC Buys 15,201 Shares of Workday, Inc. $WDAY

Ceera Investments LLC raised its stake in Workday, Inc. (NASDAQ:WDAY) by 80.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,013 shares of the software maker’s stock after purchasing an additional 15,201 shares during the period. Workday accounts for 1.9% of Ceera Investments LLC’s holdings, making the stock its 14th biggest holding. Ceera Investments LLC’s holdings in Workday were worth $4,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday in the 3rd quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in Workday in the 3rd quarter valued at $30,000. DT Investment Partners LLC acquired a new stake in Workday in the 4th quarter valued at $27,000. Finally, LRI Investments LLC acquired a new position in Workday during the fourth quarter worth $29,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total transaction of $13,119,300.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at $12,820,179.96. This trade represents a 50.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction that occurred on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider directly owned 239,469 shares in the company, valued at $32,304,368.10. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 875,020 shares of company stock valued at $113,938,503 in the last three months. Company insiders own 18.64% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $144.78 on Friday. The company has a market capitalization of $35.76 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11. The company’s 50-day moving average is $131.46 and its 200 day moving average is $144.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $249.85.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 earnings per share. On average, equities research analysts forecast that Workday, Inc. will post 5.34 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WDAY. William Blair upgraded shares of Workday to a “strong-buy” rating in a report on Friday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Workday in a report on Friday, May 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $216.00 target price on shares of Workday in a report on Friday, May 22nd. Summit Redstone set a $275.00 price target on Workday in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group dropped their price objective on Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $184.00.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.