Sendero Wealth Management LLC Increases Position in Workday, Inc. (NASDAQ:WDAY)

Sendero Wealth Management LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 47.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,203 shares of the software maker’s stock after buying an additional 2,003 shares during the quarter. Sendero Wealth Management LLC’s holdings in Workday were worth $1,601,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Marcum Wealth LLC raised its stake in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares during the period. Meeder Asset Management Inc. grew its stake in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock worth $1,243,000 after buying an additional 43 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in Workday by 5.2% during the 3rd quarter. Opal Wealth Advisors LLC now owns 946 shares of the software maker’s stock worth $231,000 after acquiring an additional 47 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in Workday by 3.4% in the second quarter. Mesirow Financial Investment Management Inc. now owns 1,451 shares of the software maker’s stock valued at $324,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Up 1.0 %

NASDAQ WDAY opened at $248.57 on Thursday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The firm has a market capitalization of $66.12 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 4.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company’s 50 day moving average price is $262.75 and its 200 day moving average price is $246.44.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts predict that Workday, Inc. will post 2.64 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on WDAY. Scotiabank assumed coverage on shares of Workday in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 price target on the stock. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Oppenheimer reissued an “outperform” rating and set a $300.00 target price on shares of Workday in a research note on Tuesday, December 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Thursday, September 19th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $292.25.

Insider Activity at Workday

In related news, insider Sayan Chakraborty sold 5,498 shares of the firm’s 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 of the company’s stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares in the company, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

About 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.