1,945 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Pollock Investment Advisors LLC

Pollock Investment Advisors LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,945 shares of the software maker's stock, valued at approximately $502,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Workday during the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of Workday in the fourth quarter worth $26,000. Avion Wealth lifted its position in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after acquiring an additional 43 shares during the last quarter. Finally, New Millennium Group LLC increased its position in Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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 research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, February 26th. Wells Fargo & Company increased their price target on Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Loop Capital raised their price target on 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average price target of $302.14.

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Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the transaction, the insider now owns 284,000 shares in the company, valued at approximately $78,188,040. The trade was a 16.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock valued at $113,033,319 in the last ninety days. Company insiders own 20.00% of the company's stock.

Workday Stock Up 2.9 %

Shares of NASDAQ:WDAY opened at $244.17 on Friday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company's fifty day moving average is $256.91 and its two-hundred day moving average is $255.49. 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 stock has a market capitalization of $64.95 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last issued its 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). The business had revenue of $2.21 billion during 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%. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current 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.

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