Gardner Lewis Asset Management L P Purchases 1,778 Shares of Workday, Inc. (NASDAQ:WDAY)

Gardner Lewis Asset Management L P increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 51.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,250 shares of the software maker’s stock after purchasing an additional 1,778 shares during the period. Gardner Lewis Asset Management L P’s holdings in Workday were worth $1,084,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Atticus Wealth Management LLC bought a new position in shares of Workday during the 1st quarter worth approximately $25,000. Elequin Securities LLC acquired a new position in shares of Workday in the fourth quarter valued at $27,000. West Oak Capital LLC bought a new position in shares of Workday in the first quarter valued at about $29,000. Valley National Advisers Inc. lifted its stake in shares of Workday by 83.7% during the 1st quarter. Valley National Advisers Inc. now owns 158 shares of the software maker’s stock worth $30,000 after buying an additional 72 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in shares of Workday during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 68.46% of the company’s stock.

Workday Stock Up 1.6 %

Shares of Workday stock traded up $3.99 during midday trading on Monday, hitting $248.49. 1,070,300 shares of the company traded hands, compared to its average volume of 1,970,953. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $228.44 and its 200-day moving average price is $207.35. Workday, Inc. has a 12 month low of $128.72 and a 12 month high of $249.26.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 24th. The software maker reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.17. Workday had a negative net margin of 1.81% and a positive return on equity of 2.09%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned ($0.16) earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts forecast that Workday, Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WDAY shares. Needham & Company LLC increased their price target on shares of Workday from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, August 25th. Bank of America increased their target price on Workday from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. TheStreet raised Workday from a “d+” rating to a “c” rating in a report on Friday, May 26th. Piper Sandler upped their price objective on Workday from $280.00 to $288.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Finally, Oppenheimer lifted their target price on Workday from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.71.

Insiders Place Their Bets

In other news, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $204.15, for a total transaction of $1,020,750.00. Following the sale, the director now directly owns 159,903 shares in the company, valued at $32,644,197.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director George J. Still, Jr. sold 5,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $204.15, for a total transaction of $1,020,750.00. Following the completion of the transaction, the director now owns 159,903 shares of the company’s stock, valued at $32,644,197.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach acquired 8,676 shares of Workday stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $240.44 per share, for a total transaction of $2,086,057.44. Following the purchase, the chief executive officer now owns 20,222 shares of the company’s stock, valued at $4,862,177.68. The disclosure for this purchase can be found here. Insiders sold a total of 170,403 shares of company stock valued at $35,952,147 in the last 90 days. Corporate 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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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.