Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,488 shares of the software maker's stock after acquiring an additional 19,836 shares during the period. Guggenheim Capital LLC's holdings in Workday were worth $25,413,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WDAY. Bristlecone Advisors LLC boosted its position in shares of Workday by 49.6% in the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after purchasing an additional 968 shares during the period. Nordea Investment Management AB increased its holdings in shares of Workday by 20.5% in the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after acquiring an additional 119,769 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in Workday during the 4th quarter worth $369,000. Principal Financial Group Inc. grew its position in Workday by 45.0% during the 3rd quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock worth $4,349,000 after purchasing an additional 5,519 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its stake in Workday by 9.4% in the fourth quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock valued at $28,129,000 after purchasing an additional 9,324 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This represents a 5.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock valued at $77,976,126 over the last 90 days. 20.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WDAY has been the topic of a number of research reports. JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Workday in a report on Monday, March 24th. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Stifel Nicolaus raised their target price on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Ten 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $296.25.

Workday Stock Down 2.9 %

Shares of NASDAQ:WDAY traded down $6.69 during midday trading on Friday, hitting $221.02. 1,894,875 shares of the company's stock traded hands, compared to its average volume of 2,624,526. The firm's fifty day moving average price is $244.00 and its two-hundred day moving average price is $252.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a market cap of $58.79 billion, a PE ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32.

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 analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.