Crescent Park Management L.P. Has $10.26 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Crescent Park Management L.P. raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,780 shares of the software maker's stock after purchasing an additional 11,074 shares during the quarter. Workday comprises approximately 3.9% of Crescent Park Management L.P.'s holdings, making the stock its 9th biggest holding. Crescent Park Management L.P.'s holdings in Workday were worth $10,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WDAY. Simplicity Wealth LLC lifted its position in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after buying an additional 37 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $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 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after purchasing an additional 41 shares during the period. AllSquare Wealth Management LLC boosted its position in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after purchasing an additional 41 shares during the period. Finally, Ashton Thomas Securities LLC increased its holdings in Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after purchasing an additional 46 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WDAY shares. Jefferies Financial Group decreased their target price on Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Guggenheim restated a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Mizuho lifted their price objective on shares of Workday from $280.00 to $320.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. upped their target price on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Ten investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $300.18.

Workday Stock Performance

WDAY traded down $3.39 on Monday, hitting $213.75. 2,369,207 shares of the company's stock were exchanged, compared to its average volume of 2,564,568. 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 stock has a fifty day moving average of $254.30 and a two-hundred day moving average of $254.12. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The firm has a market cap of $56.86 billion, a PE ratio of 35.64, 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 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). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 71,672 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $25,602,994.26. This trade represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now owns 75,000 shares of the company's stock, valued at $18,099,750. This represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,191 shares of company stock valued at $93,098,347 in the last quarter. 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.