Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,575 shares of the software maker's stock after buying an additional 2,347 shares during the quarter. Janney Montgomery Scott LLC's holdings in Workday were worth $5,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of WDAY. Capital Performance Advisors LLP purchased a new position in Workday during the 3rd quarter worth $26,000. Meeder Asset Management Inc. grew its stake in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after acquiring an additional 43 shares during the period. New Millennium Group LLC raised its stake 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 acquiring an additional 94 shares during the period. True Wealth Design LLC lifted its holdings in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock valued at $36,000 after purchasing an additional 143 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in Workday by 713.6% during the third quarter. Fortitude Family Office LLC now owns 179 shares of the software maker's stock worth $44,000 after purchasing an additional 157 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WDAY. Barclays lowered their target price on shares of Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Workday from $315.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Monday, November 25th. Oppenheimer reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Workday in a report on Tuesday, December 3rd. Finally, Guggenheim upgraded shares of Workday from a "sell" rating to a "neutral" rating in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus target price of $292.25.

Workday Trading Down 2.0 %

Workday stock traded down $5.33 during midday trading on Thursday, reaching $260.07. 1,348,598 shares of the stock traded hands, compared to its average volume of 2,003,292. 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 firm has a market cap of $69.18 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34. The company has a 50-day simple moving average of $261.34 and a two-hundred day simple moving average of $248.60. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter last year, the company posted $0.47 EPS. The firm's revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 70,090 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred 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 directly 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. In the last three months, insiders sold 438,819 shares of company stock valued at $113,142,592. Insiders own 20.00% of the company's stock.

About Workday

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.