AMS Capital Ltda Invests $3.68 Million in Workday, Inc. (NASDAQ:WDAY)

AMS Capital Ltda purchased a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,275 shares of the software maker's stock, valued at approximately $3,683,000. Workday comprises 1.9% of AMS Capital Ltda's investment portfolio, making the stock its 15th biggest position.

Several other hedge funds have also recently modified their holdings of WDAY. Mcrae Capital Management Inc. grew its holdings in shares of Workday by 0.6% in the fourth quarter. Mcrae Capital Management Inc. now owns 59,478 shares of the software maker's stock worth $15,347,000 after acquiring an additional 328 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Workday by 8.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 85,217 shares of the software maker's stock worth $22,688,000 after acquiring an additional 6,518 shares during the period. Avestar Capital LLC bought a new stake in shares of Workday in the fourth quarter worth $314,000. Sawgrass Asset Management LLC bought a new stake in shares of Workday in the fourth quarter worth $11,173,000. Finally, Warren Street Wealth Advisors LLC bought a new stake in shares of Workday in the fourth quarter worth $252,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Up 3.0 %

Shares of WDAY traded up $7.67 during trading hours on Tuesday, hitting $265.72. The company had a trading volume of 2,352,505 shares, compared to its average volume of 2,068,002. The company has a market capitalization of $70.68 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company's fifty day moving average price is $261.69 and its two-hundred day moving average price is $252.05.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed a "neutral" rating and issued a $270.00 price objective (down previously from $285.00) on shares of Workday in a research note on Wednesday, November 27th. Loop Capital decreased their price objective on Workday from $270.00 to $242.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Oppenheimer reaffirmed an "outperform" rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, December 3rd. Finally, Mizuho raised their price objective on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Eight research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $292.43.

Insider Transactions at Workday

In related news, insider Sayan Chakraborty sold 5,498 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the transaction, the insider now directly owns 121,100 shares of the company's stock, valued at $30,369,458. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction dated 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 directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 438,819 shares of company stock valued at $113,142,592. Corporate insiders own 20.00% of the company's stock.

Workday Company 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.