4,060 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,060 shares of the software maker's stock, valued at approximately $1,047,000.

A number of other large investors also recently made changes to their positions in the business. Roxbury Financial LLC acquired a new position in Workday in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in Workday in the fourth quarter worth approximately $26,000. Avion Wealth increased its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in 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 last quarter. Finally, New Millennium Group LLC increased its holdings in Workday by 177.4% in the third quarter. New Millennium Group LLC now owns 147 shares of the software maker's stock worth $36,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Price Performance

Workday stock traded up $8.03 during mid-day trading on Monday, hitting $252.20. 1,041,956 shares of the company were exchanged, compared to its average volume of 2,416,739. 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 business has a fifty day moving average of $256.91 and a 200 day moving average of $255.46. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a market capitalization of $67.08 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on WDAY. JPMorgan Chase & Co. increased their price target on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Workday in a report on Wednesday, February 26th. Barclays lowered their price target on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Royal Bank of Canada increased their price target on Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Workday from a "hold" rating to a "buy" rating and increased their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $300.36.

Insider Activity

In other news, major shareholder David A. Duffield sold 57,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total value of $15,692,670.00. Following the completion of the sale, the insider now directly owns 284,000 shares in the company, valued at approximately $78,188,040. This trade represents a 16.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now owns 13,972 shares of the company's stock, valued at approximately $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 435,829 shares of company stock worth $113,033,319. 20.00% of the stock is owned by corporate insiders.

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.