Burns Matteson Capital Management LLC Acquires Shares of 1,431 Workday, Inc. (NASDAQ:WDAY)

Burns Matteson Capital Management LLC acquired a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,431 shares of the software maker’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in Workday by 24.8% in the third quarter. CWM LLC now owns 7,800 shares of the software maker’s stock worth $1,907,000 after acquiring an additional 1,549 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Workday by 5.4% in the 3rd quarter. Wedmont Private Capital now owns 1,171 shares of the software maker’s stock valued at $276,000 after purchasing an additional 60 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Workday by 6.0% in the third quarter. UMB Bank n.a. now owns 956 shares of the software maker’s stock valued at $234,000 after purchasing an additional 54 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Workday by 43.2% during the third quarter. Valeo Financial Advisors LLC now owns 1,757 shares of the software maker’s stock worth $429,000 after buying an additional 530 shares in the last quarter. Finally, Perfromance Wealth Partners LLC acquired a new position in Workday during the third quarter worth about $244,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Guggenheim raised Workday from a “sell” rating to a “neutral” rating in a report on Monday, January 6th. The Goldman Sachs Group upped their target price on Workday from $300.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price target on Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Citigroup lowered their price objective on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $292.43.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 70,003 shares of Workday stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $25,872,846.40. The trade was a 40.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction that occurred on Friday, November 29th. The stock was 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 $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is currently owned by company insiders.

Workday Stock Down 2.1 %

WDAY opened at $271.89 on Monday. The company has a market cap of $72.32 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The firm has a 50 day moving average price of $262.08 and a 200 day moving average price of $250.38.

Workday (NASDAQ:WDAY) last announced its quarterly 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. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

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.