Workday, Inc. (NASDAQ:WDAY) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,883 shares of the software maker's stock after purchasing an additional 2,992 shares during the quarter. Jump Financial LLC's holdings in Workday were worth $3,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares during the period. Geode Capital Management LLC raised its position in Workday by 61.9% during the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after acquiring an additional 1,772,223 shares during the period. FIL Ltd lifted its holdings in Workday by 6.5% during the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock valued at $764,575,000 after purchasing an additional 181,899 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Workday by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker's stock valued at $687,237,000 after purchasing an additional 136,211 shares during the period. Finally, Norges Bank purchased a new stake in shares of Workday during the fourth quarter worth about $645,710,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is currently owned by insiders.

Workday Stock Up 2.5 %

Shares of WDAY traded up $5.60 during midday trading on Wednesday, reaching $226.59. The stock had a trading volume of 433,549 shares, compared to its average volume of 2,617,326. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company's fifty day simple moving average is $242.34 and its two-hundred day simple moving average is $251.95. The company has a market cap of $60.27 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WDAY. JMP Securities restated a "market outperform" rating and set a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Oppenheimer upped their price target on shares of Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Mizuho cut their price objective on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Citigroup cut their price objective on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Loop Capital increased their price target on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, February 19th. Ten investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $295.00.

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.