Brown Brothers Harriman & Co. Has $670,000 Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Brown Brothers Harriman & Co. raised its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 316.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,598 shares of the software maker's stock after buying an additional 1,974 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Workday were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WDAY. Bristlecone Advisors LLC increased its stake in Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after acquiring an additional 968 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Workday by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock valued at $7,934,000 after purchasing an additional 1,978 shares during the period. Nordea Investment Management AB grew its stake in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC acquired a new position in shares of Workday in the 4th quarter worth approximately $369,000. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Workday by 387.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker's stock worth $86,926,000 after buying an additional 282,632 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Down 4.9 %

NASDAQ:WDAY traded down $11.19 on Friday, reaching $217.14. The company's stock had a trading volume of 4,893,624 shares, compared to its average volume of 2,560,523. The firm has a market cap of $57.76 billion, a PE ratio of 36.01, a PEG ratio of 3.55 and a beta of 1.38. 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 business's 50-day moving average price is $254.30 and its two-hundred day moving average price is $254.04. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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 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%. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares in the company, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.87, for a total value of $14,216,720.00. Following the completion of the sale, the insider now owns 116,000 shares in the company, valued at $29,448,920. The trade was a 32.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,441 shares of company stock valued at $108,901,692. Company insiders own 20.00% of the company's stock.

Analysts Set New Price Targets

WDAY has been the subject of several recent analyst reports. Loop Capital increased their price objective on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Morgan Stanley cut shares of Workday from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $330.00 to $275.00 in a research report on Wednesday, February 19th. Oppenheimer boosted their price target on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Finally, Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $300.18.

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.