Captrust Financial Advisors Acquires 1,373 Shares of Workday, Inc. (NASDAQ:WDAY)

Captrust Financial Advisors increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,226 shares of the software maker's stock after buying an additional 1,373 shares during the quarter. Captrust Financial Advisors' holdings in Workday were worth $3,671,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC boosted its position in Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after buying an additional 1,772,223 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Workday by 60.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock worth $960,454,000 after buying an additional 1,406,088 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Workday by 1.5% in the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock valued at $911,027,000 after acquiring an additional 52,104 shares during the last quarter. Finally, FIL Ltd boosted its holdings in shares of Workday by 6.5% during the 4th quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock valued at $764,575,000 after acquiring an additional 181,899 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on WDAY shares. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Citigroup cut their target price on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Westpark Capital assumed coverage on shares of Workday in a research report on Tuesday, May 6th. They issued a "buy" rating and a $315.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a report on Wednesday, February 26th. Finally, Scotiabank decreased their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Ten research 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 stock. According to data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and an average price target of $293.62.

Workday Stock Performance

WDAY opened at $259.01 on Friday. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The company has a market cap of $68.90 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 3.55 and a beta of 1.30. The company's fifty day moving average price is $238.49 and its two-hundred day moving average price is $252.22. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

Insider Activity

In related news, major shareholder David A. Duffield sold 81,275 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock worth $77,976,126 over the last 90 days. 19.31% of the stock is currently owned by corporate insiders.

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.

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