Vestmark Advisory Solutions Inc. Buys 277 Shares of Workday, Inc. (NASDAQ:WDAY)

Vestmark Advisory Solutions Inc. raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,786 shares of the software maker’s stock after buying an additional 277 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Workday were worth $1,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Raymond James Financial Inc. bought a new stake in shares of Workday during the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP lifted its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after purchasing an additional 562,400 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Workday by 62.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after buying an additional 524,799 shares during the last quarter. KBC Group NV grew its position in Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after buying an additional 480,459 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WDAY has been the topic of several analyst reports. Guggenheim reiterated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. BNP Paribas upgraded Workday to a “strong-buy” rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price target on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley downgraded Workday from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $302.14.

Insider Activity at Workday

In related news, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This represents a 21.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $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 90 days, insiders have sold 435,829 shares of company stock worth $113,033,319. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

Workday stock opened at $252.38 on Friday. The company’s 50-day moving average price is $258.39 and its 200-day moving average price is $255.61. 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 company has a market cap of $67.13 billion, a PE ratio of 41.85, a price-to-earnings-growth 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 $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, equities research analysts forecast that Workday, Inc. will post 2.63 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.