Signaturefd LLC Grows Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Signaturefd LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,466 shares of the software maker’s stock after buying an additional 86 shares during the quarter. Signaturefd LLC’s holdings in Workday were worth $957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Workday by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after acquiring an additional 263,994 shares during the last quarter. Wellington Management Group LLP increased its stake in Workday by 37.4% in the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the last quarter. Polen Capital Management LLC increased its stake in Workday by 2.0% in the third quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the last quarter. Morgan Stanley raised its holdings in Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after purchasing an additional 872,288 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Workday by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,629,780 shares of the software maker’s stock worth $564,976,000 after buying an additional 206,112 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Guggenheim reaffirmed a “sell” rating and issued a $190.00 target price on shares of Workday in a research report on Tuesday, February 27th. KeyCorp lifted their target price on Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Barclays decreased their target price on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. Citigroup lifted their price target on Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus boosted their price objective on Workday from $250.00 to $290.00 and gave the company a “hold” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $293.61.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 in the last quarter. 21.09% of the stock is currently owned by corporate insiders.

Workday Price Performance

Shares of NASDAQ WDAY opened at $253.53 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28. The firm has a market capitalization of $66.93 billion, a P/E ratio of 49.23, a PEG ratio of 6.30 and a beta of 1.32. The company’s fifty day moving average is $277.28 and its two-hundred day moving average is $263.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS 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 firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. Analysts forecast that Workday, Inc. will post 1.76 EPS for the current fiscal year.

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.