Mendel Money Management Buys 1,135 Shares of Workday, Inc. (NASDAQ:WDAY)

Mendel Money Management grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,838 shares of the software maker's stock after buying an additional 1,135 shares during the period. Workday makes up 1.5% of Mendel Money Management's investment portfolio, making the stock its 23rd largest holding. Mendel Money Management's holdings in Workday were worth $3,313,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in Workday in the fourth quarter worth approximately $933,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Workday by 1.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 230,729 shares of the software maker's stock worth $59,535,000 after purchasing an additional 4,104 shares during the period. Keystone Investors PTE Ltd. bought a new position in shares of Workday in the 4th quarter worth $1,589,000. Zions Bancorporation N.A. lifted its holdings in shares of Workday by 33.0% in the 4th quarter. Zions Bancorporation N.A. now owns 19,917 shares of the software maker's stock worth $5,139,000 after purchasing an additional 4,937 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its position in Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

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Workday Price Performance

WDAY traded down $6.06 during midday trading on Friday, hitting $238.49. The stock had a trading volume of 1,888,639 shares, compared to its average volume of 2,522,044. The company has a market cap of $63.44 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. 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 1 year low of $199.81 and a 1 year high of $294.00. The business has a fifty day moving average of $256.67 and a 200 day moving average of $254.83.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results 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 business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. As a group, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price objective on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Redburn Atlantic started coverage on Workday in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. UBS Group increased their price target on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Mizuho lifted their price objective on shares of Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.36.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $250.26, for a total value of $17,554,237.44. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $25,776,029.22. The trade was a 40.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now owns 75,000 shares in the company, valued at $18,099,750. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 487,145 shares of company stock valued at $123,289,438. 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.