Fiduciary Alliance LLC Buys Shares of 9,634 Workday, Inc. (NASDAQ:WDAY)

Fiduciary Alliance LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,634 shares of the software maker’s stock, valued at approximately $2,486,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Czech National Bank acquired a new position in shares of Workday during the fourth quarter valued at about $11,917,000. West Oak Capital LLC raised its position in Workday by 17,182.1% in the fourth quarter. West Oak Capital LLC now owns 24,195 shares of the software maker’s stock worth $6,243,000 after purchasing an additional 24,055 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Workday by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,325 shares of the software maker’s stock worth $600,000 after purchasing an additional 60 shares in the last quarter. ORG Wealth Partners LLC raised its position in Workday by 9.2% in the fourth quarter. ORG Wealth Partners LLC now owns 1,605 shares of the software maker’s stock worth $414,000 after purchasing an additional 135 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Workday by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 44,227 shares of the software maker’s stock worth $10,809,000 after buying an additional 146 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WDAY. StockNews.com raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on shares of Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a “hold” rating to a “buy” rating and raised their price objective for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.25.

Workday Stock Down 1.6 %

Shares of WDAY stock traded down $4.04 during mid-day trading on Monday, reaching $245.67. 366,423 shares of the company’s stock traded hands, compared to its average volume of 1,733,245. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company’s 50-day moving average price is $262.56 and its 200-day moving average price is $246.12. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $65.35 billion, a P/E ratio of 40.74, a P/E/G ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities analysts expect that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the transaction, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 382,347 shares of company stock valued at $99,225,903. 20.00% of the stock is currently owned by corporate insiders.

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.