Burns Matteson Capital Management LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Burns Matteson Capital Management LLC acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,431 shares of the software maker's stock, valued at approximately $369,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in Workday during the 3rd quarter worth about $26,000. Crews Bank & Trust bought a new stake in Workday during the 4th quarter worth about $26,000. Meeder Asset Management Inc. lifted its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock valued at $35,000 after purchasing an additional 43 shares during the period. New Millennium Group LLC boosted its stake in shares of Workday by 177.4% in the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. Finally, True Wealth Design LLC grew its position in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WDAY. Scotiabank assumed coverage on shares of Workday in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $340.00 price objective on the stock. Citigroup reduced their target price on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group upped their price objective on shares of Workday from $300.00 to $310.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and upped their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of Workday in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $292.43.

Workday Stock Performance

NASDAQ:WDAY traded down $7.63 during mid-day trading on Tuesday, reaching $262.25. 990,973 shares of the company's stock were exchanged, compared to its average volume of 2,035,398. 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 $69.76 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The business's fifty day simple moving average is $262.45 and its two-hundred day simple moving average is $250.89.

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

Insider Buying and Selling

In other Workday news, insider Sayan Chakraborty sold 5,498 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares of the company's stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company's stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 438,819 shares of company stock worth $113,142,592. Company 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.