Parallel Advisors LLC Has $680,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Parallel Advisors LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,636 shares of the software maker’s stock after purchasing an additional 99 shares during the quarter. Parallel Advisors LLC’s holdings in Workday were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Roxbury Financial LLC acquired a new position in shares of Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in shares of Workday in the fourth quarter valued at approximately $26,000. Avion Wealth grew its position in shares of Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares during the last quarter. Finally, True Wealth Design LLC grew its position in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the transaction, the director now directly owns 75,000 shares of the company’s stock, valued at $18,099,750. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $265.70, for a total value of $14,879,200.00. Following the sale, the insider now owns 228,000 shares of the company’s stock, valued at approximately $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 473,001 shares of company stock valued at $120,614,400 in the last three months. Insiders own 20.00% of the company’s stock.

Workday Stock Down 0.8 %

Shares of NASDAQ:WDAY opened at $250.47 on Friday. The firm has a market cap of $66.63 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.55 and a beta of 1.38. The company has a quick ratio of 2.05, a current 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 $294.00. The business has a fifty day simple moving average of $256.76 and a 200 day simple moving average of $255.24.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group increased their price target on Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Mizuho increased their price target on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Oppenheimer increased their price target on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, February 26th. Finally, Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

Workday Company 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.