First Trust Advisors LP Has $342.16 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

First Trust Advisors LP boosted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,326,036 shares of the software maker's stock after purchasing an additional 38,855 shares during the period. First Trust Advisors LP owned 0.50% of Workday worth $342,157,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Forum Financial Management LP acquired a new position in Workday during the fourth quarter valued at $287,000. GeoWealth Management LLC increased its holdings in shares of Workday by 12.3% in the 4th quarter. GeoWealth Management LLC now owns 2,153 shares of the software maker's stock valued at $556,000 after purchasing an additional 235 shares during the period. Goodman Advisory Group LLC purchased a new stake in shares of Workday in the fourth quarter worth approximately $2,151,000. Commerce Bank boosted its holdings in shares of Workday by 502.7% during the fourth quarter. Commerce Bank now owns 15,416 shares of the software maker's stock worth $3,978,000 after purchasing an additional 12,858 shares during the period. Finally, Capital International Sarl grew its position in Workday by 1.4% during the fourth quarter. Capital International Sarl now owns 11,499 shares of the software maker's stock valued at $2,967,000 after purchasing an additional 154 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $11.14 during midday trading on Thursday, reaching $236.01. 818,386 shares of the company's stock were exchanged, compared to its average volume of 2,620,416. 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 company's 50 day simple moving average is $241.68 and its two-hundred day simple moving average is $251.76. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a market capitalization of $62.78 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last issued 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 company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Mizuho lowered their target price on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group raised their price target on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. Finally, KeyCorp lifted their target price on shares of Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Ten 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 stock. According to MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $292.86.

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.