Inceptionr LLC Boosts Stake in Workday, Inc. (NASDAQ:WDAY)

Inceptionr LLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 74.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,523 shares of the software maker's stock after acquiring an additional 2,775 shares during the period. Inceptionr LLC's holdings in Workday were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WDAY. Raymond James Financial Inc. purchased a new position in Workday during the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP increased its stake in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock valued at $150,019,000 after purchasing an additional 562,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Workday by 62.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock valued at $350,921,000 after purchasing an additional 524,799 shares during the last quarter. KBC Group NV boosted its position in shares of Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker's stock worth $169,199,000 after purchasing an additional 506,812 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Workday by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock worth $1,218,415,000 after buying an additional 480,459 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

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Workday Stock Performance

NASDAQ WDAY traded down $9.38 on Monday, hitting $243.00. 2,291,172 shares of the company traded hands, compared to its average volume of 2,421,147. The business's 50 day moving average price is $258.39 and its 200-day moving average price is $255.93. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WDAY shares. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, February 26th. KeyCorp lifted their price target on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Workday from a "hold" rating to a "buy" rating and increased their price objective for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Citigroup dropped their target price on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $302.14.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 66,455 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. The trade was a 39.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now owns 13,972 shares of the company's stock, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 435,829 shares of company stock worth $113,033,319 over the last three months. 20.00% of the stock is currently owned by company 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.