Champlain Investment Partners LLC Purchases 418,480 Shares of Workday, Inc. (NASDAQ:WDAY)

Champlain Investment Partners LLC grew its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 74.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 982,961 shares of the software maker's stock after buying an additional 418,480 shares during the period. Workday makes up 1.6% of Champlain Investment Partners LLC's portfolio, making the stock its 11th largest position. Champlain Investment Partners LLC owned approximately 0.37% of Workday worth $253,633,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Simplicity Wealth LLC grew its stake in shares of Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares during the last quarter. Marcum Wealth LLC raised its position in Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after purchasing an additional 41 shares during the last quarter. Custom Index Systems LLC boosted its stake in shares of Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares in the last quarter. AllSquare Wealth Management LLC increased its stake in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Up 2.9 %

Shares of NASDAQ:WDAY traded up $6.22 during midday trading on Tuesday, reaching $220.32. The company's stock had a trading volume of 732,942 shares, compared to its average volume of 2,615,173. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $243.13 and a 200-day moving average of $252.17. The firm has a market capitalization of $58.61 billion, a P/E ratio of 36.54, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 321,724 shares of company stock worth $77,976,126. Insiders own 20.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WDAY shares. The Goldman Sachs Group lifted their price target on shares of Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Guggenheim reissued a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Redburn Atlantic assumed coverage on Workday in a research report on Wednesday, February 19th. They set a "neutral" rating for the company. Finally, StockNews.com downgraded shares of Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and an average target price of $295.00.

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.