Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,692 shares of the software maker’s stock after acquiring an additional 272 shares during the quarter. Farther Finance Advisors LLC’s holdings in Workday were worth $1,504,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Workday by 17,345.2% during the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after acquiring an additional 925,366 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Workday by 14.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,468 shares of the software maker’s stock valued at $5,023,000 after purchasing an additional 2,888 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Workday by 5.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 16,493 shares of the software maker’s stock worth $3,687,000 after purchasing an additional 872 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Workday in the 2nd quarter valued at approximately $12,586,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Workday by 0.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,040 shares of the software maker’s stock valued at $10,293,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 0.3 %

NASDAQ:WDAY traded up $0.83 during trading hours on Friday, hitting $263.19. 1,707,434 shares of the company’s stock traded hands, compared to its average volume of 2,724,915. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The firm has a market cap of $69.75 billion, a P/E ratio of 47.42, a P/E/G ratio of 5.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.00 and a current ratio of 2.04. The stock’s fifty day moving average price is $228.70 and its two-hundred day moving average price is $246.67.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, research analysts expect that Workday, Inc. will post 2.27 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the completion of the transaction, the insider now directly owns 786,000 shares in the company, valued at $164,407,620. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the sale, the insider now directly owns 730,000 shares of the company’s stock, valued at $159,563,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $209.17, for a total value of $11,922,690.00. Following the transaction, the insider now owns 786,000 shares in the company, valued at $164,407,620. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 532,172 shares of company stock valued at $118,034,332. 20.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on WDAY. Jefferies Financial Group lowered their price objective on Workday from $350.00 to $330.00 and set a “buy” rating for the company in a report on Friday, May 24th. Royal Bank of Canada reduced their price objective on Workday from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Friday, May 24th. Finally, Guggenheim reaffirmed a “sell” rating and issued a $190.00 price target on shares of Workday in a report on Tuesday, June 25th. One research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.15.

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.