Stifel Financial Corp Has $112.77 Million Stake in Workday, Inc. (NASDAQ:WDAY)

Stifel Financial Corp raised its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 437,045 shares of the software maker's stock after purchasing an additional 40,286 shares during the quarter. Stifel Financial Corp owned 0.16% of Workday worth $112,770,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Simplicity Wealth LLC boosted its stake in shares of Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares during the last quarter. Marcum Wealth LLC raised its holdings in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock worth $249,000 after acquiring an additional 41 shares in the last quarter. Custom Index Systems LLC boosted its position in Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its position in shares of Workday by 1.5% during the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after purchasing an additional 43 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. This represents a 39.22 % 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 in the last ninety days. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group raised their price objective 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 boosted their target price on Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price target on shares of Workday in a report on Monday, March 24th. Finally, Royal Bank of Canada upped their price objective on shares of Workday from $320.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and an average target price of $292.86.

Workday Price Performance

Shares of WDAY stock traded up $2.66 during trading hours on Friday, hitting $239.53. The company's stock had a trading volume of 1,103,340 shares, compared to its average volume of 2,628,166. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $240.73 and a 200-day moving average of $251.77. The stock has a market cap of $63.71 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 3.55 and a beta of 1.32.

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 (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.