840 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Equitable Trust Co.

Equitable Trust Co. acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 840 shares of the software maker’s stock, valued at approximately $232,000.

Other large investors have also bought and sold shares of the company. Washington Trust Advisors Inc. raised its position in shares of Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New raised its holdings in Workday by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock valued at $598,000 after acquiring an additional 37 shares during the period. Sunbelt Securities Inc. lifted its position in shares of Workday by 6.3% during the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker’s stock worth $168,000 after acquiring an additional 44 shares in the last quarter. Front Row Advisors LLC boosted its holdings in shares of Workday by 21.6% in the second quarter. Front Row Advisors LLC now owns 259 shares of the software maker’s stock worth $59,000 after acquiring an additional 46 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its position in shares of Workday by 4.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 1,029 shares of the software maker’s stock valued at $221,000 after purchasing an additional 48 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of Workday stock opened at $271.10 on Wednesday. The stock has a market capitalization of $71.57 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 6.71 and a beta of 1.32. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The business’s 50 day simple moving average is $283.73 and its two-hundred day simple moving average is $260.67.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) earnings per share. Analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Insider Activity

In related news, Director George J. Still, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total value of $1,352,600.00. Following the sale, the director now directly owns 105,000 shares of the company’s stock, valued at $28,404,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, major shareholder David A. Duffield sold 62,731 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $28,988,505.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the sale, the director now directly owns 105,000 shares in the company, valued at approximately $28,404,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,422 shares of company stock valued at $120,553,369. Insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets raised their target price on Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Barclays lowered their target price on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Tuesday, February 27th. TheStreet raised shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Finally, StockNews.com lowered Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $293.61.

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.