Envestnet Asset Management Inc. Acquires 3,030 Shares of Workday, Inc. (NASDAQ:WDAY)

Envestnet Asset Management Inc. boosted its holdings in Workday, Inc. (NASDAQ:WDAY) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 744,658 shares of the software maker’s stock after buying an additional 3,030 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.28% of Workday worth $192,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Simplicity Wealth LLC lifted its stake in Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $330,000 after purchasing an additional 37 shares during the last quarter. Marcum Wealth LLC boosted its holdings in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock valued at $249,000 after acquiring an additional 41 shares in the last quarter. Custom Index Systems LLC boosted its holdings in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock valued at $364,000 after acquiring an additional 41 shares in the last quarter. AllSquare Wealth Management LLC grew its position in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock worth $65,000 after acquiring an additional 41 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its holdings in Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock worth $385,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of Workday from $270.00 to $310.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group raised their price objective on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Loop Capital lifted their target price on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average target price of $300.18.

Workday Trading Down 4.9 %

Shares of WDAY stock opened at $217.14 on Monday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $57.76 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The business’s fifty day moving average is $254.30 and its 200 day moving average is $254.12.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data 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 return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 472 shares of the company’s 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 $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Harry Sauer sold 3,677 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $251.90, for a total transaction of $926,236.30. Following the completion of the sale, the insider now owns 79,576 shares of the company’s stock, valued at approximately $20,045,194.40. The trade was a 4.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 370,191 shares of company stock worth $93,098,347. 20.00% of the stock is currently owned by insiders.

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.