Workday, Inc. (NASDAQ:WDAY) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in Workday, Inc. (NASDAQ:WDAY) by 24.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,853 shares of the software maker’s stock after acquiring an additional 2,506 shares during the quarter. Captrust Financial Advisors’ holdings in Workday were worth $3,141,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WDAY. The Manufacturers Life Insurance Company raised its holdings in shares of Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after acquiring an additional 1,016,394 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Workday by 17,345.2% in the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock worth $208,068,000 after acquiring an additional 925,366 shares during the last quarter. D1 Capital Partners L.P. raised its holdings in shares of Workday by 152.1% in the second quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after acquiring an additional 312,500 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Workday by 17,001.6% in the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after acquiring an additional 284,266 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Workday by 24,593.2% in the third quarter. International Assets Investment Management LLC now owns 215,325 shares of the software maker’s stock worth $52,628,000 after acquiring an additional 214,453 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the sale, the insider now directly owns 121,100 shares in the company, valued at approximately $30,369,458. This represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $245.36, for a total value of $13,740,160.00. Following the sale, the insider now owns 449,000 shares in the company, valued at $110,166,640. The trade was a 11.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 361,463 shares of company stock worth $88,422,088. 20.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WDAY shares. Evercore ISI dropped their target price on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Thursday, September 19th. Bank of America dropped their target price on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Monday, November 25th. Finally, Loop Capital dropped their target price on Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $288.14.

Workday Trading Up 4.6 %

Shares of NASDAQ WDAY opened at $268.87 on Thursday. The stock’s 50 day moving average price is $249.61 and its two-hundred day moving average price is $237.47. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a market capitalization of $71.25 billion, a P/E ratio of 44.59, a PEG ratio of 4.66 and a beta of 1.34. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data 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 firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. Workday’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 posted $0.47 earnings per share. On average, analysts anticipate that Workday, Inc. will post 2.57 earnings per share for the current fiscal year.

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.