Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,334 shares of the software maker's stock after purchasing an additional 1,100 shares during the period. Cetera Investment Advisers' holdings in Workday were worth $12,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in WDAY. Captrust Financial Advisors grew its holdings in Workday by 10.7% in the fourth quarter. Captrust Financial Advisors now owns 14,226 shares of the software maker's stock worth $3,671,000 after purchasing an additional 1,373 shares during the last quarter. Caxton Associates LP grew its stake in shares of Workday by 127.3% during the fourth quarter. Caxton Associates LP now owns 125,000 shares of the software maker's stock worth $32,254,000 after acquiring an additional 70,000 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Workday by 1.5% during the fourth 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 in the last quarter. Baird Financial Group Inc. raised its position in shares of Workday by 10.3% in the 4th quarter. Baird Financial Group Inc. now owns 9,308 shares of the software maker's stock valued at $2,402,000 after purchasing an additional 870 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Workday by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,571 shares of the software maker's stock worth $405,000 after purchasing an additional 158 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Trading Up 1.3%

Shares of WDAY traded up $3.45 during trading on Tuesday, reaching $270.02. 1,470,680 shares of the company traded hands, compared to its average volume of 2,573,005. The stock has a 50-day simple moving average of $238.96 and a 200-day simple moving average of $252.65. The stock has a market cap of $71.83 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. On average, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

WDAY has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho dropped their price objective on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus increased their target price on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $293.62.

Insider Activity at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 in the last three months. 19.31% of the stock is owned by company 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.