Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Exchange Capital Management Inc.

Exchange Capital Management Inc. lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,902 shares of the software maker’s stock after acquiring an additional 74 shares during the period. Exchange Capital Management Inc.’s holdings in Workday were worth $1,007,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WDAY. International Assets Investment Management LLC grew its position in Workday by 24,593.2% in the 3rd quarter. International Assets Investment Management LLC now owns 215,325 shares of the software maker’s stock valued at $52,628,000 after buying an additional 214,453 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Workday by 28.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock worth $361,000 after buying an additional 327 shares during the last quarter. Dakota Wealth Management increased its position in shares of Workday by 16.3% in the third quarter. Dakota Wealth Management now owns 4,091 shares of the software maker’s stock worth $1,000,000 after acquiring an additional 573 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Workday by 27.0% in the 3rd quarter. Ballentine Partners LLC now owns 1,892 shares of the software maker’s stock valued at $462,000 after purchasing an additional 402 shares during the period. Finally, Arkadios Wealth Advisors increased its position in Workday by 47.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,168 shares of the software maker’s stock worth $774,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 2.1 %

Workday stock opened at $261.81 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $69.64 billion, a P/E ratio of 43.42, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company’s 50-day moving average price is $260.42 and its two-hundred day moving average price is $253.82.

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

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 438,819 shares of company stock worth $113,142,592. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Loop Capital upped their target price on shares of Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and increased their price target for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. Mizuho boosted their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.