Ameriprise Financial Inc. Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

Ameriprise Financial Inc. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 273,927 shares of the software maker’s stock after buying an additional 30,697 shares during the quarter. Ameriprise Financial Inc.’s holdings in Workday were worth $70,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. Crews Bank & Trust purchased a new stake in shares of Workday during the fourth quarter valued at approximately $26,000. Roxbury Financial LLC bought a new stake in Workday during the 4th quarter valued at $25,000. Avion Wealth boosted its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC purchased a new position in shares of Workday in the fourth quarter valued at about $35,000. Finally, Rakuten Securities Inc. raised its stake in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker’s stock valued at $39,000 after acquiring an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Up 0.4 %

WDAY stock opened at $259.01 on Friday. The business’s 50-day moving average is $238.49 and its two-hundred day moving average is $252.15. The company has a market cap of $68.90 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 3.55 and a beta of 1.30. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two 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.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WDAY shares. Westpark Capital initiated coverage on Workday in a research note on Tuesday. They issued a “buy” rating and a $315.00 target price on the stock. UBS Group upped their target price on Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Morgan Stanley cut their price target on shares of Workday from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, DA Davidson cut their target price on shares of Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.62.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 497 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at approximately $7,789,921.75. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last 90 days. 19.31% of the stock is currently owned by corporate insiders.

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.