1,589 Shares in Workday, Inc. (NASDAQ:WDAY) Bought by RFG Advisory LLC

RFG Advisory LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,589 shares of the software maker’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. Vontobel Holding Ltd. raised its position in Workday by 5.1% in the fourth quarter. Vontobel Holding Ltd. now owns 67,077 shares of the software maker’s stock valued at $18,517,000 after purchasing an additional 3,260 shares during the last quarter. Morgan Stanley raised its position in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. Assetmark Inc. raised its position in Workday by 9.9% in the fourth quarter. Assetmark Inc. now owns 21,414 shares of the software maker’s stock valued at $5,912,000 after purchasing an additional 1,933 shares during the last quarter. Bornite Capital Management LP bought a new position in Workday in the fourth quarter valued at about $34,508,000. Finally, Bain Capital Public Equity LP raised its position in Workday by 32.5% in the fourth quarter. Bain Capital Public Equity LP now owns 22,471 shares of the software maker’s stock valued at $6,203,000 after purchasing an additional 5,513 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.2 %

WDAY stock opened at $218.70 on Tuesday. Workday, Inc. has a twelve month low of $202.01 and a twelve month high of $311.28. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $235.32 and its 200-day moving average is $264.78. The firm has a market capitalization of $57.96 billion, a PE ratio of 39.41, a P/E/G ratio of 5.53 and a beta of 1.33.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a return on equity of 5.78% and a net margin of 19.66%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts expect that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 64,162 shares of Workday stock in a transaction on Monday, April 1st. The stock was sold at an average price of $271.67, for a total transaction of $17,430,890.54. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $27,981,194.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $27,633,065.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 64,162 shares of Workday stock in a transaction on Monday, April 1st. The stock was sold at an average price of $271.67, for a total value of $17,430,890.54. Following the sale, the insider now owns 102,997 shares in the company, valued at $27,981,194.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 392,713 shares of company stock worth $97,038,313. 20.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on WDAY. TheStreet upgraded Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. Loop Capital decreased their price target on Workday from $280.00 to $240.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Robert W. Baird decreased their price target on Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. The Goldman Sachs Group decreased their price target on Workday from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Finally, Canaccord Genuity Group decreased their price target on Workday from $305.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.11.

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.