CVA Family Office LLC Invests $33,000 in Workday, Inc. (NASDAQ:WDAY)

CVA Family Office LLC bought a new position in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 120 shares of the software maker’s stock, valued at approximately $33,000.

Other institutional investors also recently bought and sold shares of the company. SkyView Investment Advisors LLC acquired a new stake in Workday in the 2nd quarter worth approximately $66,000. Beacon Capital Management LLC lifted its stake in Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after acquiring an additional 70 shares during the period. Exchange Traded Concepts LLC lifted its stake in Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Workday in the 1st quarter valued at $25,000. Finally, VisionPoint Advisory Group LLC increased its holdings in Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after acquiring an additional 84 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Shares of WDAY opened at $272.75 on Friday. The company has a market cap of $72.01 billion, a P/E ratio of 52.96, a PEG ratio of 6.93 and a beta of 1.33. The stock has a fifty day moving average price of $287.51 and a 200 day moving average price of $258.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. Workday, Inc. has a 12 month low of $174.25 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. On average, research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In other news, insider Douglas A. Robinson sold 411 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now owns 165,521 shares in the company, valued at $44,177,554.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas A. Robinson sold 411 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the sale, the insider now directly owns 165,521 shares of the company’s stock, valued at $44,177,554.90. The disclosure for this sale can be found here. Insiders sold a total of 463,484 shares of company stock worth $126,630,341 over the last 90 days. 21.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. DA Davidson reissued a “neutral” rating and issued a $300.00 price objective on shares of Workday in a report on Tuesday, February 27th. Guggenheim reiterated a “sell” rating and issued a $190.00 price target on shares of Workday in a research note on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Morgan Stanley dropped their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. Finally, UBS Group lowered their target price on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Company 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.