4,071 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Diametric Capital LP

Diametric Capital LP acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,071 shares of the software maker's stock, valued at approximately $1,050,000.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. Vanguard Group Inc. raised its position in shares of Workday by 28.9% in the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after purchasing an additional 4,517,272 shares during the period. Norges Bank purchased a new stake in shares of Workday during the fourth quarter worth $645,710,000. Parnassus Investments LLC boosted its holdings in shares of Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after acquiring an additional 2,078,097 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Workday in the fourth quarter valued at $194,679,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Workday by 180.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,158,549 shares of the software maker's stock valued at $295,071,000 after purchasing an additional 745,435 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Trading Up 0.4 %

Shares of NASDAQ WDAY traded up $0.86 during mid-day trading on Wednesday, hitting $235.39. The stock had a trading volume of 1,924,836 shares, compared to its average volume of 2,531,452. The firm has a market cap of $62.61 billion, a P/E ratio of 39.04, a price-to-earnings-growth 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 has a 50 day moving average price of $255.66 and a two-hundred day moving average price of $254.45. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

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Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on WDAY. Oppenheimer raised their target price on Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Mizuho boosted their price objective on shares of Workday from $280.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada increased their target price on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. UBS Group boosted their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, BNP Paribas upgraded Workday to a "strong-buy" rating in a research report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.18.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 71,672 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the transaction, the insider now owns 102,997 shares in the company, valued at $25,602,994.26. The trade was a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 431,145 shares of company stock worth $108,631,438. 20.00% of the stock is currently owned by company 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.