Workday, Inc. (NASDAQ:WDAY) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 1.9% during the 1st quarter, Holdings Channel reports. The firm owned 4,263 shares of the software maker’s stock after purchasing an additional 78 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Workday were worth $1,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WDAY. Capital World Investors lifted its holdings in Workday by 0.3% during the 1st quarter. Capital World Investors now owns 346,626 shares of the software maker’s stock worth $94,542,000 after buying an additional 1,011 shares in the last quarter. Capital International Sarl boosted its holdings in shares of Workday by 3.6% in the first quarter. Capital International Sarl now owns 9,212 shares of the software maker’s stock valued at $2,513,000 after acquiring an additional 319 shares in the last quarter. Capital Group Investment Management PTE. LTD. lifted its holdings in Workday by 8.7% in the first quarter. Capital Group Investment Management PTE. LTD. now owns 1,708 shares of the software maker’s stock valued at $466,000 after acquiring an additional 136 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Workday by 2.3% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,351 shares of the software maker’s stock worth $2,278,000 after buying an additional 185 shares in the last quarter. Finally, First Commonwealth Financial Corp PA acquired a new stake in shares of Workday during the 1st quarter valued at approximately $615,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WDAY. Citigroup decreased their price objective on shares of Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Robert W. Baird lowered their price target on shares of Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. TD Cowen cut their price objective on Workday from $330.00 to $290.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Mizuho reduced their target price on Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Finally, UBS Group dropped their price target on Workday from $280.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $281.44.

Workday Trading Up 0.7 %

NASDAQ:WDAY traded up $1.56 during trading hours on Friday, hitting $228.64. The stock had a trading volume of 1,003,283 shares, compared to its average volume of 1,840,302. The business’s 50 day moving average is $223.16 and its 200-day moving average is $257.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 41.20, a P/E/G ratio of 5.72 and a beta of 1.35. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.20. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. Workday had a return on equity of 5.78% and a net margin of 19.66%. Workday’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. Sell-side analysts anticipate that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Insider Transactions at Workday

In related news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Douglas A. Robinson sold 3,121 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $214.44, for a total value of $669,267.24. Following the completion of the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at $43,759,913.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $209.17, for a total transaction of $11,922,690.00. Following the completion of the sale, the insider now owns 786,000 shares of the company’s stock, valued at $164,407,620. The disclosure for this sale can be found here. Insiders sold 524,672 shares of company stock valued at $115,938,834 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

About Workday

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.