Gateway Investment Advisers LLC Has $7.70 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Gateway Investment Advisers LLC increased its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,839 shares of the software maker's stock after acquiring an additional 4,351 shares during the quarter. Gateway Investment Advisers LLC's holdings in Workday were worth $7,699,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Workday during the 3rd quarter worth approximately $26,000. Goodman Advisory Group LLC bought a new stake in shares of Workday in the second quarter valued at about $35,000. Meeder Asset Management Inc. boosted its position in shares of Workday by 42.2% during the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares during the period. New Millennium Group LLC raised its position in 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 buying an additional 94 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Workday from $314.00 to $305.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Workday in a report on Monday, November 25th. Oppenheimer restated an "outperform" rating and issued a $300.00 price objective on shares of Workday in a research note on Tuesday, December 3rd. Scotiabank started coverage on Workday in a research note on Monday, November 18th. They set a "sector outperform" rating and a $340.00 target price for the company. Finally, Citigroup decreased their target price on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $292.25.

Insider Activity at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares of the company's stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 70,003 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by insiders.

Workday Price Performance

Shares of WDAY stock traded up $1.05 during trading hours on Friday, reaching $251.75. The company's stock had a trading volume of 211,868 shares, compared to its average volume of 1,944,249. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a market capitalization of $66.96 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 4.51 and a beta of 1.34. The firm's 50 day simple moving average is $262.69 and its 200-day simple moving average is $246.45.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 2.64 earnings per share for the current year.

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.