Three Seasons Wealth LLC Buys New Shares in Workday, Inc. (NASDAQ:WDAY)

Three Seasons Wealth LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,558 shares of the software maker's stock, valued at approximately $918,000.

Several other institutional investors have also recently made changes to their positions in the stock. Voya Financial Advisors Inc. increased its stake in shares of Workday by 21.3% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,250 shares of the software maker's stock worth $852,000 after purchasing an additional 571 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Workday by 13.7% in the fourth quarter. Voya Investment Management LLC now owns 682,739 shares of the software maker's stock worth $176,102,000 after purchasing an additional 82,051 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Workday by 23.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,034 shares of the software maker's stock worth $525,000 after purchasing an additional 388 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Workday by 13.6% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,385 shares of the software maker's stock worth $5,538,000 after purchasing an additional 2,563 shares in the last quarter. Finally, Burling Wealth Partners LLC purchased a new stake in shares of Workday in the fourth quarter worth $264,000. Institutional investors own 89.81% of the company's stock.

Workday Stock Up 0.1 %

NASDAQ WDAY traded up $0.29 during trading on Monday, reaching $239.82. 898,471 shares of the company's stock traded hands, compared to its average volume of 2,621,563. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $63.79 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company's 50 day simple moving average is $240.73 and its two-hundred day simple moving average is $251.90. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly 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). The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, insider Sayan Chakraborty sold 6,056 shares of the company's 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 represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at approximately $7,789,921.75. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock valued at $77,976,126. Corporate insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Scotiabank dropped their target price on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. upped their target price on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. DA Davidson dropped their target price on shares of Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Loop Capital increased their price objective on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $292.86.

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.