Murphy & Mullick Capital Management Corp Acquires New Position in Workday, Inc. (NASDAQ:WDAY)

Murphy & Mullick Capital Management Corp bought a new position in Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,615 shares of the software maker’s stock, valued at approximately $933,000. Workday makes up about 0.9% of Murphy & Mullick Capital Management Corp’s holdings, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Workday by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker’s stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the last quarter. Parnassus Investments LLC increased its holdings in shares of Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock worth $631,589,000 after buying an additional 2,078,097 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Workday in the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP boosted its holdings in Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Workday by 62.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after acquiring an additional 524,799 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 71,672 shares of Workday stock in a transaction on Monday, March 17th. The stock was sold at an average price of $248.58, for a total value of $17,816,225.76. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $25,602,994.26. The trade was a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,001 shares of company stock worth $105,735,200 over the last three months. 20.00% of the stock is currently owned by company insiders.

Workday Price Performance

Shares of NASDAQ WDAY opened at $252.83 on Wednesday. The company has a 50 day moving average of $256.97 and a 200 day moving average of $255.03. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The firm has a market cap of $67.25 billion, a P/E ratio of 41.93, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. As a group, research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of analyst reports. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Barclays cut their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Bank of America lowered their price objective on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Daiwa America raised Workday to a “strong-buy” rating in a research note on Tuesday, March 4th. Finally, KeyCorp upped their price target on Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

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.