Janney Montgomery Scott LLC Grows Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Janney Montgomery Scott LLC increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,228 shares of the software maker's stock after acquiring an additional 2,076 shares during the quarter. Janney Montgomery Scott LLC's holdings in Workday were worth $4,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC lifted its holdings in Workday by 4.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,031 shares of the software maker's stock worth $281,000 after purchasing an additional 43 shares in the last quarter. Diversified Trust Co grew its position in Workday by 1.0% during the second quarter. Diversified Trust Co now owns 4,830 shares of the software maker's stock worth $1,080,000 after buying an additional 47 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in Workday by 5.2% in the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker's stock worth $231,000 after acquiring an additional 47 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Workday by 3.4% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker's stock valued at $324,000 after acquiring an additional 48 shares in the last quarter. Finally, Aspen Investment Management Inc boosted its position in shares of Workday by 3.1% during the 2nd quarter. Aspen Investment Management Inc now owns 1,650 shares of the software maker's stock valued at $369,000 after acquiring an additional 50 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. KeyCorp increased their price objective on Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. Loop Capital boosted their price objective on shares of Workday from $240.00 to $255.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Bank of America boosted their target price on Workday from $265.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Evercore ISI decreased their price objective on shares of Workday from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group raised their price target on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $287.04.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder David A. Duffield sold 66,492 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $247.59, for a total transaction of $14,112,630.00. Following the completion of the transaction, the insider now directly owns 505,000 shares of the company's stock, valued at approximately $125,032,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by corporate insiders.

Workday Stock Performance

Workday stock traded down $1.44 during mid-day trading on Friday, reaching $256.54. 1,729,654 shares of the stock traded hands, compared to its average volume of 1,440,019. The stock has a market capitalization of $67.98 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 5.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The business's 50-day moving average is $245.75 and its 200-day moving average is $235.93. 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 posted its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm's revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts predict that Workday, Inc. will post 2.4 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.