Assetmark Inc. Has $8.74 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Assetmark Inc. grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,872 shares of the software maker's stock after purchasing an additional 1,404 shares during the quarter. Assetmark Inc.'s holdings in Workday were worth $8,740,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Two Sigma Advisers LP raised its position in Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock worth $150,019,000 after purchasing an additional 562,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Workday by 62.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock valued at $350,921,000 after buying an additional 524,799 shares during the period. KBC Group NV raised its position in shares of Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker's stock worth $169,199,000 after acquiring an additional 506,812 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after acquiring an additional 480,459 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Workday by 2,166.1% in the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker's stock valued at $104,044,000 after acquiring an additional 385,430 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

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Workday Stock Down 0.0 %

NASDAQ:WDAY traded down $0.07 on Tuesday, hitting $242.93. 2,837,922 shares of the company's stock were exchanged, compared to its average volume of 2,422,580. The firm has a 50-day moving average price of $258.01 and a 200-day moving average price of $256.02. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market cap of $64.62 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for 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%. As a group, analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Barclays cut their target price on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. KeyCorp increased their price objective on shares of Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus upped their target price on shares of Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Daiwa America upgraded Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, BNP Paribas raised Workday to a "strong-buy" rating in a research note on Friday, February 14th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $302.14.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of Workday stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the completion of the transaction, the director now directly owns 6,845 shares of the company's stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is owned by insiders.

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.