Eventide Asset Management LLC Acquires 10,723 Shares of Workday, Inc. (NASDAQ:WDAY)

Eventide Asset Management LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 11.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,510 shares of the software maker’s stock after purchasing an additional 10,723 shares during the quarter. Eventide Asset Management LLC’s holdings in Workday were worth $26,277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in Workday by 24.2% during the third quarter. Captrust Financial Advisors now owns 12,853 shares of the software maker’s stock worth $3,141,000 after purchasing an additional 2,506 shares during the period. Atlantic Union Bankshares Corp boosted its position in Workday by 5.1% during the third quarter. Atlantic Union Bankshares Corp now owns 11,570 shares of the software maker’s stock worth $2,828,000 after purchasing an additional 559 shares during the period. Hantz Financial Services Inc. boosted its position in Workday by 40.7% during the third quarter. Hantz Financial Services Inc. now owns 79,219 shares of the software maker’s stock worth $19,362,000 after purchasing an additional 22,922 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Workday by 55.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 237 shares of the software maker’s stock worth $57,000 after buying an additional 85 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Workday by 4.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker’s stock worth $482,133,000 after buying an additional 75,747 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $253.40 on Friday. The stock has a market cap of $67.15 billion, a P/E ratio of 42.02, a price-to-earnings-growth ratio of 5.03 and a beta of 1.35. The firm’s fifty day simple moving average is $248.74 and its 200 day simple moving average is $237.44. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.21%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, research analysts predict that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. DA Davidson increased their price target on shares of Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Friday, September 13th. Citigroup lowered their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their price target on shares of Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $288.14.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now owns 8,674 shares of the company’s stock, valued at approximately $2,097,806.90. This trade represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $22,990,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 359,954 shares of company stock worth $88,742,132 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

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.