First National Trust Co Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

First National Trust Co boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,453 shares of the software maker’s stock after buying an additional 75 shares during the quarter. First National Trust Co’s holdings in Workday were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. boosted its holdings in shares of Workday by 5.1% in the 4th quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock worth $18,517,000 after buying an additional 3,260 shares during the last quarter. Morgan Stanley lifted its stake in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Workday in the third quarter worth $345,000. Assenagon Asset Management S.A. raised its stake in shares of Workday by 58.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,569 shares of the software maker’s stock valued at $76,902,000 after buying an additional 103,171 shares during the period. Finally, Mariner LLC lifted its position in shares of Workday by 21.1% during the 3rd quarter. Mariner LLC now owns 28,304 shares of the software maker’s stock valued at $6,081,000 after buying an additional 4,927 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 2.0 %

Shares of WDAY traded up $4.93 during trading hours on Friday, hitting $255.78. The company had a trading volume of 3,072,637 shares, compared to its average volume of 1,740,171. Workday, Inc. has a 52-week low of $174.25 and a 52-week high of $311.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $268.07 and its 200 day moving average price is $264.85. The firm has a market cap of $67.53 billion, a P/E ratio of 49.67, a P/E/G ratio of 6.39 and a beta of 1.33.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) EPS. On average, research analysts predict that Workday, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WDAY. Wells Fargo & Company lifted their price objective on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. DA Davidson reiterated a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. BMO Capital Markets raised their price target on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, Evercore ISI increased their price objective on Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director George J. Still, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total value of $1,352,600.00. Following the completion of the sale, the director now directly owns 105,000 shares of the company’s stock, valued at approximately $28,404,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock valued at $117,731,569 in the last quarter. Company insiders own 21.09% of the company’s stock.

About Workday

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.