Workday, Inc. (NASDAQ:WDAY) is Grafton Street Partners Fund LP's 3rd Largest Position

Grafton Street Partners Fund LP raised its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 291.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,870 shares of the software maker's stock after purchasing an additional 52,770 shares during the period. Workday accounts for approximately 13.3% of Grafton Street Partners Fund LP's investment portfolio, making the stock its 3rd biggest position. Grafton Street Partners Fund LP's holdings in Workday were worth $18,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Simplicity Wealth LLC grew its holdings in Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after acquiring an additional 37 shares during the period. Marcum Wealth LLC boosted its holdings in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock worth $249,000 after buying an additional 41 shares in the last quarter. Custom Index Systems LLC grew its holdings in Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC raised its stake in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after acquiring an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was 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 approximately $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the company'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 directly owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 over the last quarter. Corporate insiders own 20.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective 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. KeyCorp raised their price target on shares of Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus boosted their price objective on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Morgan Stanley cut their target price on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, BNP Paribas upgraded Workday to a "strong-buy" rating in a research note on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.86.

Workday Trading Up 1.1 %

Shares of WDAY traded up $2.66 during mid-day trading on Friday, reaching $239.53. The company's stock had a trading volume of 1,103,340 shares, compared to its average volume of 2,628,164. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The stock has a market cap of $63.71 billion, a PE ratio of 39.72, a P/E/G ratio of 3.55 and a beta of 1.32. The company's fifty day moving average price is $241.26 and its two-hundred day moving average price is $251.77. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

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