Brown Advisory Inc. Increases Stake in Workday, Inc. (NASDAQ:WDAY)

Brown Advisory Inc. grew its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,530,701 shares of the software maker's stock after buying an additional 52,104 shares during the period. Workday accounts for 1.2% of Brown Advisory Inc.'s investment portfolio, making the stock its 19th largest position. Brown Advisory Inc. owned about 1.33% of Workday worth $911,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter worth $26,000. Roxbury Financial LLC bought a new position in Workday in the 4th quarter worth about $25,000. Avion Wealth grew its holdings in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC bought a new stake in shares of Workday during the fourth quarter valued at about $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $26,729,781.44. The trade was a 39.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock worth $77,976,126 in the last three months. Insiders own 20.00% of the company's stock.

Workday Stock Up 1.1 %

WDAY stock traded up $2.73 on Wednesday, reaching $250.52. 1,117,862 shares of the company traded hands, compared to its average volume of 2,577,535. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a fifty day simple moving average of $238.57 and a 200-day simple moving average of $251.98. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a market cap of $66.64 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WDAY shares. The Goldman Sachs Group boosted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of Workday from $275.00 to $250.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. StockNews.com downgraded Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, KeyCorp lifted their price target on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and an average price target of $293.62.

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.