Workday, Inc. (NASDAQ:WDAY) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,255 shares of the software maker’s stock after acquiring an additional 96 shares during the period. Simplicity Solutions LLC’s holdings in Workday were worth $899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC purchased a new stake in shares of Workday during the 2nd quarter worth approximately $66,000. Beacon Capital Management LLC lifted its position in shares of Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after buying an additional 70 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Workday during the 4th quarter worth approximately $33,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Workday during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several recent analyst reports. StockNews.com downgraded shares of Workday from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price target on shares of Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. BMO Capital Markets upped their price target on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Morgan Stanley reduced their price target on shares of Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. Finally, Mizuho upped their price target on shares of Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Stock Performance

NASDAQ:WDAY opened at $257.69 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a fifty-two week low of $174.25 and a fifty-two week high of $311.28. The stock has a market cap of $68.03 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 6.49 and a beta of 1.32. The firm’s fifty day simple moving average is $280.85 and its 200-day simple moving average is $262.06.

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

Insider Activity at Workday

In related news, insider Douglas A. Robinson sold 411 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now directly owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Douglas A. Robinson sold 411 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now directly owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction dated Wednesday, February 28th. The shares were 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 in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 379,691 shares of company stock valued at $102,897,729. Insiders own 21.09% of the company’s stock.

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.