Insigneo Advisory Services LLC Acquires 150 Shares of Workday, Inc. (NASDAQ:WDAY)

Insigneo Advisory Services LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 5.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,687 shares of the software maker’s stock after purchasing an additional 150 shares during the period. Insigneo Advisory Services LLC’s holdings in Workday were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Union Bancaire Privee UBP SA acquired a new stake in Workday in the 4th quarter valued at $8,984,000. Brighton Jones LLC grew its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Sentry Investment Management LLC increased its position in shares of Workday by 70.2% in the fourth quarter. Sentry Investment Management LLC now owns 2,663 shares of the software maker’s stock valued at $687,000 after acquiring an additional 1,098 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Workday by 68.4% in the fourth quarter. Metis Global Partners LLC now owns 10,266 shares of the software maker’s stock valued at $2,649,000 after acquiring an additional 4,168 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in Workday during the fourth quarter worth about $4,712,000. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WDAY. Scotiabank lowered their price target on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Redburn Atlantic initiated coverage on shares of Workday in a research note on Wednesday, February 19th. They issued a “neutral” rating for the company. The Goldman Sachs Group upped their price target on shares of Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Mizuho cut their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Westpark Capital boosted their price objective on shares of Workday from $315.00 to $328.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $293.54.

Workday Trading Down 1.2%

WDAY stock opened at $242.70 on Wednesday. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a market capitalization of $64.80 billion, a PE ratio of 134.09, a price-to-earnings-growth ratio of 3.73 and a beta of 1.24. The company’s 50-day simple moving average is $246.43 and its 200 day simple moving average is $252.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07.

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

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 81,275 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the sale, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. This trade represents a 22.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,666 shares of company stock worth $38,465,025. Company insiders own 20.00% of the company’s stock.

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.