Workday, Inc. (NASDAQ:WDAY) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 78.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,322 shares of the software maker’s stock after buying an additional 4,536 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Workday were worth $2,410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. Dagco Inc. acquired a new stake in Workday in the first quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Workday in the first quarter valued at $32,000. Financial Management Professionals Inc. raised its stake in Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after buying an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday in the first quarter valued at $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director directly owned 67,500 shares in the company, valued at approximately $16,767,675. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares of the company’s stock, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 329,005 shares of company stock worth $79,203,523. 19.31% of the stock is currently owned by company insiders.

Workday Price Performance

Shares of WDAY opened at $226.09 on Friday. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The stock’s 50 day moving average is $234.67 and its two-hundred day moving average is $243.88. The firm has a market capitalization of $60.37 billion, a PE ratio of 124.91, a P/E/G ratio of 3.35 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

WDAY has been the topic of a number of analyst reports. UBS Group set a $250.00 price target on Workday and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley set a $255.00 price target on Workday and gave the company an “equal weight” rating in a research note on Friday, May 23rd. DA Davidson raised their price objective on Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Friday, May 23rd. Finally, Wells Fargo & Company dropped their price objective on Workday from $360.00 to $325.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.31.

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.