Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its stake in Workday, Inc. (NASDAQ:WDAY) by 25.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,935 shares of the software maker’s stock after acquiring an additional 397 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Workday were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WDAY. Bristlecone Advisors LLC grew its holdings in shares of Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after purchasing an additional 1,978 shares during the last quarter. Grafton Street Partners Fund LP acquired a new stake in Workday during the third quarter valued at $4,424,000. ICICI Prudential Asset Management Co Ltd boosted its position in Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after purchasing an additional 119,769 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This represents a 21.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the sale, the insider now directly owns 284,000 shares of the company’s stock, valued at $78,188,040. The trade was a 16.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,829 shares of company stock valued at $113,033,319. Insiders own 20.00% of the company’s stock.

Workday Trading Down 3.7 %

Shares of WDAY stock opened at $243.00 on Tuesday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a 50-day simple moving average of $258.01 and a two-hundred day simple moving average of $256.02. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WDAY shares. Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. JMP Securities reissued a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Barclays reduced their price target on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Finally, Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

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.