Pathstone Family Office LLC Acquires 2,114 Shares of Workday, Inc. (NASDAQ:WDAY)

Pathstone Family Office LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 33.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,422 shares of the software maker’s stock after buying an additional 2,114 shares during the period. Pathstone Family Office LLC’s holdings in Workday were worth $1,811,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WDAY. Norges Bank acquired a new stake in Workday during the fourth quarter worth $600,504,000. Artisan Partners Limited Partnership acquired a new stake in shares of Workday in the 2nd quarter valued at $259,080,000. Portside Wealth Group LLC acquired a new stake in shares of Workday in the 2nd quarter valued at $123,951,000. Amundi boosted its stake in shares of Workday by 233.9% in the 4th quarter. Amundi now owns 766,911 shares of the software maker’s stock valued at $125,712,000 after purchasing an additional 537,196 shares in the last quarter. Finally, PointState Capital LP acquired a new stake in shares of Workday in the 2nd quarter valued at $84,913,000. Institutional investors and hedge funds own 68.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Workday from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. JMP Securities boosted their target price on shares of Workday from $270.00 to $315.00 and gave the company a “market outperform” rating in a research note on Monday, January 22nd. Mizuho boosted their target price on shares of Workday from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Needham & Company LLC boosted their target price on shares of Workday from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, Wells Fargo & Company upped their price target on shares of Workday from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.74.

Check Out Our Latest Report on WDAY

Workday Price Performance

Shares of WDAY opened at $304.89 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a 50 day simple moving average of $280.44 and a 200 day simple moving average of $247.19. Workday, Inc. has a 52-week low of $174.06 and a 52-week high of $308.95. The firm has a market capitalization of $80.19 billion, a PE ratio of 1,270.38, a P/E/G ratio of 6.29 and a beta of 1.35.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings results on Tuesday, November 28th. The software maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. Workday had a return on equity of 3.87% and a net margin of 0.95%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 16.9% on a year-over-year basis. Sell-side analysts predict that Workday, Inc. will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 62,731 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $281.45, for a total transaction of $17,655,639.95. Following the completion of the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $28,988,505.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder David A. Duffield sold 108,333 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $276.88, for a total value of $29,995,241.04. Following the completion of the sale, the insider now owns 1,124,000 shares of the company’s stock, valued at approximately $311,213,120. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 62,731 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $281.45, for a total value of $17,655,639.95. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $28,988,505.65. The disclosure for this sale can be found here. Insiders sold a total of 392,775 shares of company stock valued at $107,780,173 in the last quarter. 21.09% of the stock is currently owned by insiders.

Workday Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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