Motley Fool Asset Management LLC Has $3.58 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Motley Fool Asset Management LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,885 shares of the software maker's stock after purchasing an additional 1,700 shares during the period. Motley Fool Asset Management LLC's holdings in Workday were worth $3,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WDAY. World Investment Advisors acquired a new position in Workday in the 4th quarter worth $495,000. Long Path Partners LP purchased a new stake in shares of Workday during the fourth quarter worth about $12,141,000. OneAscent Financial Services LLC purchased a new position in Workday in the fourth quarter valued at about $407,000. Bryce Point Capital LLC acquired a new stake in Workday during the 4th quarter valued at approximately $1,071,000. Finally, Crescent Park Management L.P. increased its holdings in Workday by 38.6% during the 4th quarter. Crescent Park Management L.P. now owns 39,780 shares of the software maker's stock worth $10,264,000 after purchasing an additional 11,074 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $0.52 during trading on Tuesday, reaching $215.84. The company had a trading volume of 1,286,684 shares, compared to its average volume of 2,570,507. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $57.41 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The firm's fifty day moving average is $253.32 and its 200 day moving average is $253.90.

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Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results 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 return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 70,090 shares of the firm's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction 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 $26,215,826.41. This trade represents a 40.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,514 shares of company stock worth $92,172,111. Corporate insiders own 20.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Royal Bank of Canada raised their price objective on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Scotiabank cut their target price on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company increased their price target on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Piper Sandler upped their price objective on Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $300.18.

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.