Ieq Capital LLC Has $6.21 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Ieq Capital LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,080 shares of the software maker’s stock after purchasing an additional 5,135 shares during the period. Ieq Capital LLC’s holdings in Workday were worth $6,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Marcum Wealth LLC raised its holdings in Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares during the period. Custom Index Systems LLC raised its holdings in shares of Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after acquiring an additional 41 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after acquiring an additional 43 shares during the period. Finally, Fulton Bank N.A. raised its holdings in shares of Workday by 1.3% during the fourth quarter. Fulton Bank N.A. now owns 3,696 shares of the software maker’s stock worth $954,000 after acquiring an additional 48 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

WDAY stock opened at $256.39 on Friday. The company has a 50 day simple moving average of $260.75 and a 200 day simple moving average of $252.87. The stock has a market cap of $68.20 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 3.56 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the sale, the insider now directly owns 60,000 shares of the company’s stock, valued at $14,785,200. The trade was a 48.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 5,498 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the sale, the insider now directly owns 121,100 shares in the company, valued at $30,369,458. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 in the last ninety days. 20.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WDAY. BNP Paribas upgraded shares of Workday to a “strong-buy” rating in a research note on Friday, February 14th. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $330.00 to $275.00 in a research note on Wednesday. Mizuho lifted their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Scotiabank began coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price objective for the company. Finally, Barclays dropped their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $291.11.

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.