Brighton Jones LLC boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 230.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,005 shares of the software maker's stock after buying an additional 2,792 shares during the period. Brighton Jones LLC's holdings in Workday were worth $1,033,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in shares of Workday by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,575 shares of the software maker's stock worth $5,567,000 after acquiring an additional 2,347 shares during the last quarter. Park Place Capital Corp grew its position in Workday by 13.6% during the 4th quarter. Park Place Capital Corp now owns 592 shares of the software maker's stock valued at $153,000 after purchasing an additional 71 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Workday by 0.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 23,962 shares of the software maker's stock valued at $6,183,000 after purchasing an additional 112 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Workday by 4.2% in the fourth quarter. Simon Quick Advisors LLC now owns 1,377 shares of the software maker's stock worth $355,000 after buying an additional 56 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new position in shares of Workday in the fourth quarter worth approximately $344,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Shares of WDAY opened at $258.28 on Friday. The business's 50 day moving average is $260.91 and its 200 day moving average is $247.59. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The company has a market capitalization of $68.70 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 4.58 and a beta of 1.34.
Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.
In related news, insider Sayan Chakraborty sold 5,498 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the sale, the insider now owns 121,100 shares in the company, valued at approximately $30,369,458. The trade was a 4.34 % 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, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company's stock, valued at $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 in the last 90 days. Insiders own 20.00% of the company's stock.
Several equities research analysts recently weighed in on the stock. Guggenheim raised shares of Workday from a "sell" rating to a "neutral" rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Scotiabank assumed coverage on Workday in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $340.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.25.
Read Our Latest Report on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Workday, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workday wasn't on the list.
While Workday currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.