Wilmington Savings Fund Society FSB Takes Position in Workday, Inc. (NASDAQ:WDAY)

Wilmington Savings Fund Society FSB purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,019 shares of the software maker's stock, valued at approximately $4,893,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDAY. Envestnet Portfolio Solutions Inc. lifted its position in Workday by 12.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,348 shares of the software maker's stock worth $3,878,000 after buying an additional 1,855 shares in the last quarter. Swedbank AB raised its holdings in shares of Workday by 1.1% in the 2nd quarter. Swedbank AB now owns 81,179 shares of the software maker's stock valued at $18,148,000 after purchasing an additional 863 shares during the period. Blue Trust Inc. raised its holdings in shares of Workday by 25.2% in the 2nd quarter. Blue Trust Inc. now owns 1,661 shares of the software maker's stock valued at $371,000 after purchasing an additional 334 shares during the period. Hoylecohen LLC raised its holdings in shares of Workday by 0.8% in the 2nd quarter. Hoylecohen LLC now owns 12,507 shares of the software maker's stock valued at $2,796,000 after purchasing an additional 101 shares during the period. Finally, OFI Invest Asset Management raised its holdings in Workday by 2.4% in the 2nd quarter. OFI Invest Asset Management now owns 4,333 shares of the software maker's stock valued at $904,000 after acquiring an additional 103 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 0.7 %

NASDAQ WDAY traded down $1.81 during mid-day trading on Friday, reaching $273.01. 1,529,051 shares of the stock were exchanged, compared to its average volume of 2,234,041. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock has a 50 day simple moving average of $253.11 and a 200-day simple moving average of $238.37. The stock has a market cap of $72.35 billion, a P/E ratio of 45.58, a P/E/G ratio of 5.02 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $0.47 earnings per share. Workday's quarterly revenue was up 15.8% on a year-over-year basis. On average, analysts anticipate that Workday, Inc. will post 2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th. DA Davidson increased their price target on shares of Workday from $255.00 to $270.00 and gave the company a "neutral" rating in a report on Friday, August 23rd. Canaccord Genuity Group reissued a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Friday, September 13th. Evercore ISI lowered their price target on shares of Workday from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, August 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $290.64.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $245.36, for a total value of $13,740,160.00. Following the completion of the sale, the insider now directly owns 449,000 shares in the company, valued at approximately $110,166,640. This trade represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Richard Harry Sauer sold 3,134 shares of the firm's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $235.78, for a total transaction of $738,934.52. Following the completion of the sale, the insider now owns 85,795 shares of the company's stock, valued at $20,228,745.10. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 361,463 shares of company stock valued at $88,422,088 over the last quarter. Insiders own 20.00% of the company's stock.

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.