American Century Companies Inc. Purchases 15,193 Shares of Workday, Inc. (NASDAQ:WDAY)

American Century Companies Inc. boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,949,974 shares of the software maker's stock after buying an additional 15,193 shares during the period. American Century Companies Inc. owned approximately 0.73% of Workday worth $503,152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Mizuho Securities USA LLC purchased a new stake in shares of Workday in the fourth quarter valued at about $5,209,000. TD Private Client Wealth LLC raised its stake in Workday by 6.7% in the 4th quarter. TD Private Client Wealth LLC now owns 4,169 shares of the software maker's stock valued at $1,076,000 after acquiring an additional 260 shares during the period. AllSquare Wealth Management LLC grew its stake in Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Workday in the fourth quarter valued at $11,686,000. Finally, Royal London Asset Management Ltd. boosted its stake in Workday by 5.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 91,610 shares of the software maker's stock worth $23,638,000 after purchasing an additional 5,120 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now directly owns 75,000 shares in the company, valued at approximately $18,099,750. The trade was a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 417,001 shares of company stock valued at $105,735,200. 20.00% of the stock is owned by insiders.

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Workday Stock Up 0.4 %

Shares of WDAY traded up $1.04 on Tuesday, reaching $250.95. The stock had a trading volume of 278,698 shares, compared to its average volume of 2,426,144. The company has a 50-day simple moving average of $256.83 and a 200-day simple moving average of $255.05. 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 firm has a market capitalization of $66.75 billion, a price-to-earnings ratio of 41.63, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on WDAY. JPMorgan Chase & Co. raised their price target on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. The Goldman Sachs Group raised their price target on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Workday from a "hold" rating to a "buy" rating and increased their price target for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $300.36.

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.