Ensign Peak Advisors Inc Purchases 36,808 Shares of Workday, Inc. (NASDAQ:WDAY)

Ensign Peak Advisors Inc raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 314,165 shares of the software maker's stock after purchasing an additional 36,808 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.12% of Workday worth $81,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Crews Bank & Trust acquired a new position in shares of Workday during the fourth quarter valued at about $26,000. Roxbury Financial LLC purchased a new stake in shares of Workday in the fourth quarter worth approximately $25,000. Avion Wealth lifted its holdings 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 in the last quarter. TCTC Holdings LLC purchased a new position in shares of Workday during the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. grew its holdings in Workday by 78.6% during 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 at Workday

In other news, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. The trade was a 39.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the 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 transaction, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 321,724 shares of company stock worth $77,976,126. 19.31% of the stock is currently owned by company insiders.

Workday Trading Up 1.3%

Workday stock traded up $3.45 during mid-day trading on Tuesday, hitting $270.02. The company's stock had a trading volume of 1,470,680 shares, compared to its average volume of 2,573,005. The business has a 50 day moving average price of $238.63 and a 200-day moving average price of $252.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The stock has a market cap of $71.83 billion, a price-to-earnings ratio of 44.78, 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 results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WDAY shares. Oppenheimer upped their target price on shares of Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. StockNews.com downgraded shares of Workday from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 target price on shares of Workday in a report on Monday, March 24th. Finally, The Goldman Sachs Group increased their price target on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $293.62.

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.