Workday, Inc. (NASDAQ:WDAY) Shares Bought by Fiduciary Family Office LLC

Fiduciary Family Office LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 47.6% during the first quarter, Holdings Channel reports. The firm owned 1,736 shares of the software maker’s stock after acquiring an additional 560 shares during the period. Fiduciary Family Office LLC’s holdings in Workday were worth $473,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC increased its holdings in Workday by 1.2% in the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after buying an additional 34 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in shares of Workday by 27.6% in the 4th quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock valued at $43,000 after acquiring an additional 34 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Workday by 9.7% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock worth $106,000 after acquiring an additional 34 shares during the period. Washington Trust Advisors Inc. raised its holdings in shares of Workday by 8.1% during the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares during the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in Workday by 2.6% in the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after purchasing an additional 36 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. StockNews.com cut Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. KeyCorp lowered their price objective on Workday from $330.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Stifel Nicolaus cut their target price on shares of Workday from $290.00 to $250.00 and set a “hold” rating for the company in a report on Friday, May 24th. Finally, Robert W. Baird decreased their target price on shares of Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $281.44.

Workday Price Performance

Shares of WDAY stock traded up $2.45 during trading hours on Monday, reaching $232.47. The company had a trading volume of 2,889,087 shares, compared to its average volume of 2,200,327. Workday, Inc. has a 12-month low of $202.01 and a 12-month high of $311.28. The company has a market capitalization of $61.60 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 5.79 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a fifty day moving average of $227.39 and a 200-day moving average of $259.93.

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

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 82,762 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 102,997 shares in the company, valued at $21,658,209.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder David A. Duffield sold 82,762 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total transaction of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $21,658,209.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the completion of the transaction, the insider now directly owns 204,066 shares in the company, valued at approximately $43,759,913.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 468,672 shares of company stock worth $103,096,914. Insiders own 20.00% of the company’s stock.

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.