Valeo Financial Advisors LLC Takes $254,000 Position in Workday, Inc. (NASDAQ:WDAY)

Valeo Financial Advisors LLC bought a new position in Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 919 shares of the software maker’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently bought and sold shares of WDAY. Vanguard Group Inc. increased its holdings in shares of Workday by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock worth $3,010,244,000 after buying an additional 263,994 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Workday by 37.4% in the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock worth $1,109,348,000 after purchasing an additional 1,406,153 shares during the period. State Street Corp grew its holdings in shares of Workday by 3.0% during the 1st quarter. State Street Corp now owns 4,270,722 shares of the software maker’s stock worth $882,064,000 after purchasing an additional 126,266 shares during the period. Polen Capital Management LLC increased its position in Workday by 2.0% during the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock worth $848,726,000 after purchasing an additional 78,352 shares in the last quarter. Finally, Norges Bank purchased a new position in Workday in the fourth quarter valued at approximately $600,504,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction that occurred 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 sale, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now owns 165,932 shares of the company’s stock, valued at $48,749,162.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the sale, the insider now owns 66,356 shares in the company, valued at $17,797,342.76. The disclosure for this sale can be found here. Insiders sold 379,691 shares of company stock valued at $102,897,729 in the last ninety days. Company insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

WDAY has been the subject of several recent research reports. Guggenheim reissued a “sell” rating and issued a $190.00 price objective on shares of Workday in a research report on Tuesday, February 27th. The Goldman Sachs Group raised their price objective on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Mizuho increased their target price on Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Tuesday, February 27th. Finally, StockNews.com cut Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. One research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Trading Down 1.5 %

Shares of NASDAQ WDAY opened at $259.63 on Tuesday. The company has a market cap of $68.54 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 6.59 and a beta of 1.32. The stock’s 50 day simple moving average is $281.47 and its 200 day simple moving average is $261.76. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last posted its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the business posted ($0.14) earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post 1.76 EPS for the current year.

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.