Wasatch Advisors LP Has $1.72 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Wasatch Advisors LP lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,316 shares of the software maker’s stock after purchasing an additional 391 shares during the quarter. Wasatch Advisors LP’s holdings in Workday were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC boosted its stake in Workday by 2.1% in the 1st quarter. Woodmont Investment Counsel LLC now owns 8,135 shares of the software maker’s stock valued at $2,219,000 after buying an additional 169 shares in the last quarter. Clarity Wealth Advisors LLC boosted its stake in Workday by 5.4% in the 1st quarter. Clarity Wealth Advisors LLC now owns 1,995 shares of the software maker’s stock valued at $544,000 after buying an additional 102 shares in the last quarter. Founders Financial Securities LLC boosted its stake in Workday by 30.6% in the 1st quarter. Founders Financial Securities LLC now owns 2,369 shares of the software maker’s stock valued at $646,000 after buying an additional 555 shares in the last quarter. Vicus Capital acquired a new stake in Workday in the 1st quarter valued at $269,000. Finally, Cannon Global Investment Management LLC boosted its stake in Workday by 250.0% in the 1st quarter. Cannon Global Investment Management LLC now owns 4,900 shares of the software maker’s stock valued at $1,336,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Up 0.9 %

NASDAQ WDAY traded up $2.04 on Tuesday, reaching $226.76. The company had a trading volume of 1,715,271 shares, compared to its average volume of 2,217,563. The stock’s 50 day moving average is $231.92 and its 200-day moving average is $262.87. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 5.64 and a beta of 1.35. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52 week low of $202.01 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. Equities analysts predict that Workday, Inc. will post 2.12 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on WDAY shares. Loop Capital decreased their price target on Workday from $280.00 to $240.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Jefferies Financial Group decreased their price target on Workday from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Citigroup reduced their price objective on Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Morgan Stanley reduced their price objective on Workday from $330.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, May 24th. Finally, Evercore ISI reduced their price objective on Workday from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.11.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 82,762 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total value of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $21,658,209.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Workday news, major shareholder David A. Duffield sold 82,762 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total value of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at $21,658,209.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The disclosure for this sale can be found here. Over the last quarter, insiders sold 384,551 shares of company stock worth $91,847,903. 20.00% of the stock is owned by insiders.

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.