Austin Private Wealth LLC Has $2.14 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Austin Private Wealth LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,276 shares of the software maker's stock after acquiring an additional 1,317 shares during the quarter. Austin Private Wealth LLC's holdings in Workday were worth $2,135,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Workday by 10.7% during the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the last quarter. State Street Corp raised its position in shares of Workday by 1.4% during the 3rd quarter. State Street Corp now owns 4,842,729 shares of the software maker's stock worth $1,183,611,000 after purchasing an additional 67,380 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Workday by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker's stock worth $698,285,000 after purchasing an additional 76,618 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Workday by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker's stock worth $566,094,000 after purchasing an additional 14,159 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Workday by 4.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker's stock worth $482,133,000 after purchasing an additional 75,747 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WDAY. Mizuho lifted their price objective on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upgraded Workday from a "hold" rating to a "buy" rating and boosted their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. StockNews.com downgraded Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Bank of America cut their price target on Workday from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Guggenheim upgraded Workday from a "sell" rating to a "neutral" rating in a report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $292.25.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 70,003 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at $25,872,846.40. The trade was a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock worth $113,142,592 over the last three months. Corporate insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of NASDAQ:WDAY traded up $0.09 during trading hours on Tuesday, hitting $259.86. The stock had a trading volume of 855,691 shares, compared to its average volume of 1,915,040. The stock's fifty day simple moving average is $260.91 and its 200 day simple moving average is $249.30. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The firm has a market capitalization of $69.12 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 4.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business's revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.