3,217 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,217 shares of the software maker's stock, valued at approximately $830,000.

Other hedge funds have also made changes to their positions in the company. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new stake in Workday during the fourth quarter worth $26,000. Avion Wealth raised its position in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC bought a new stake in shares of Workday in the 4th quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. grew its stake in shares of Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets increased their target price on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Workday from a "hold" rating to a "buy" rating and boosted their target price for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Stifel Nicolaus increased their price objective on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Ten research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $296.25.

Workday Stock Down 2.9 %

WDAY traded down $6.69 on Friday, hitting $221.02. 1,894,875 shares of the company were exchanged, compared to its average volume of 2,614,756. The company has a market cap of $58.79 billion, a PE ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock's fifty day moving average is $244.84 and its 200-day moving average is $252.32. 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 (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock worth $77,976,126 over the last 90 days. Company insiders own 20.00% of the company's stock.

Workday 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.