F M Investments LLC Buys 20,190 Shares of Workday, Inc. (NASDAQ:WDAY)

F M Investments LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 40.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,360 shares of the software maker's stock after purchasing an additional 20,190 shares during the period. F M Investments LLC's holdings in Workday were worth $17,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker's stock valued at $4,029,244,000 after acquiring an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in shares of Workday by 9.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker's stock valued at $927,998,000 after acquiring an additional 301,463 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Workday by 12.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker's stock valued at $693,382,000 after acquiring an additional 281,207 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker's stock valued at $514,637,000 after acquiring an additional 1,016,394 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after acquiring an additional 118,180 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now owns 281,000 shares of the company's stock, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company's stock, valued at $2,097,806.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the transaction, the insider now directly owns 281,000 shares in the company, valued at approximately $68,004,810. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,575 shares of company stock worth $91,506,897. Insiders own 20.00% of the company's stock.

Workday Stock Up 2.3 %

WDAY stock traded up $5.27 during mid-day trading on Friday, reaching $239.12. 1,804,154 shares of the company traded hands, compared to its average volume of 1,456,817. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 41.66, a P/E/G ratio of 4.64 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The firm's 50 day moving average price is $246.99 and its 200 day moving average price is $236.11.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. As a group, equities research analysts predict that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WDAY shares. KeyCorp increased their price target on Workday from $275.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Evercore ISI lowered their target price on Workday from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. Loop Capital raised their target price on Workday from $240.00 to $255.00 and gave the stock a "hold" rating in a research report on Friday, August 23rd. Citigroup lowered their target price on Workday from $274.00 to $270.00 and set a "neutral" rating for the company in a research report on Wednesday, September 25th. Finally, Needham & Company LLC lowered their target price on Workday from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $287.04.

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.