Workday, Inc. (NASDAQ:WDAY) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,698 shares of the software maker's stock after purchasing an additional 3,106 shares during the period. Avantax Advisory Services Inc.'s holdings in Workday were worth $5,083,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its stake in Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after buying an additional 480,459 shares during the last quarter. State Street Corp grew its stake in Workday by 1.4% in the third quarter. State Street Corp now owns 4,842,729 shares of the software maker's stock worth $1,183,611,000 after purchasing an additional 67,380 shares in the last quarter. Geode Capital Management LLC grew its stake in Workday by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker's stock worth $698,285,000 after purchasing an additional 76,618 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Workday by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,316,167 shares of the software maker's stock valued at $566,094,000 after acquiring an additional 14,159 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Workday by 4.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,972,642 shares of the software maker's stock valued at $482,133,000 after acquiring an additional 75,747 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

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Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company's stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at approximately $3,546,931.92. This represents a 30.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 435,829 shares of company stock valued at $113,033,319. 20.00% of the stock is currently owned by insiders.

Workday Stock Up 2.8 %

Shares of NASDAQ WDAY traded up $6.91 during mid-day trading on Monday, hitting $251.08. The company had a trading volume of 739,026 shares, compared to its average volume of 2,415,132. The company has a market capitalization of $66.79 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The business's 50-day simple moving average is $256.91 and its 200 day simple moving average is $255.46. 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, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WDAY shares. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. Stifel Nicolaus upped their price target on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Citigroup reduced their price target on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Loop Capital upped their price target on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $300.36.

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.