Cromwell Holdings LLC Purchases Shares of 198 Workday, Inc. (NASDAQ:WDAY)

Cromwell Holdings LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 198 shares of the software maker’s stock, valued at approximately $51,000.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP lifted its holdings in shares of Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares in the last quarter. KBC Group NV lifted its holdings in shares of Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after purchasing an additional 506,812 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Workday by 2,166.1% in the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock valued at $104,044,000 after purchasing an additional 385,430 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Workday in the third quarter valued at $78,003,000. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 0.2 %

Shares of NASDAQ:WDAY opened at $261.63 on Friday. The company has a market cap of $69.59 billion, a P/E ratio of 43.39, a P/E/G ratio of 3.56 and a beta of 1.35. The stock’s 50-day moving average is $261.10 and its 200-day moving average is $252.54. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $251.20, for a total value of $17,584,753.60. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WDAY. Wells Fargo & Company increased their target price on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Thursday, February 6th. BNP Paribas upgraded Workday to a “strong-buy” rating in a report on Friday, February 14th. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Scotiabank started coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $291.11.

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.