Workday, Inc. (NASDAQ:WDAY) Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAYFree Report) by 9.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,414 shares of the software maker’s stock after purchasing an additional 1,933 shares during the quarter. Assetmark Inc.’s holdings in Workday were worth $5,912,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after buying an additional 70 shares during the last quarter. VisionPoint Advisory Group LLC lifted its holdings in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the period. Clear Street Markets LLC purchased a new stake in Workday in the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC grew its stake in shares of Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares during the period. Finally, CVA Family Office LLC purchased a new position in shares of Workday during the 4th quarter valued at approximately $33,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WDAY shares. Mizuho lowered their price target on shares of Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson lowered their target price on shares of Workday from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus dropped their target price on Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday. The Goldman Sachs Group reduced their price target on Workday from $310.00 to $300.00 and set a “buy” rating for the company in a report on Friday. Finally, Citigroup raised their price objective on Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $286.00.

View Our Latest Research Report on WDAY

Workday Price Performance

NASDAQ:WDAY opened at $260.90 on Friday. Workday, Inc. has a one year low of $191.04 and a one year high of $311.28. The stock has a market cap of $68.88 billion, a PE ratio of 50.66, a P/E/G ratio of 7.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50 day moving average price of $260.89 and a 200 day moving average price of $268.88.

Workday (NASDAQ:WDAYGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The software maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. Workday’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. Equities research analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Harry Sauer sold 8,447 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the transaction, the insider now directly owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock worth $117,731,569 in the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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