Waverly Advisors LLC Invests $432,000 in Workday, Inc. (NASDAQ:WDAY)

Waverly Advisors LLC bought a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,676 shares of the software maker's stock, valued at approximately $432,000.

Several other hedge funds also recently made changes to their positions in WDAY. Crews Bank & Trust acquired a new position in Workday during the 4th quarter worth $26,000. Roxbury Financial LLC acquired a new stake in shares of Workday in the fourth quarter valued at $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 buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in shares of Workday in the fourth quarter valued at $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 valued at $39,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WDAY. KeyCorp dropped their price target on Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Stifel Nicolaus decreased their target price on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Loop Capital cut their price target on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. The Goldman Sachs Group upped their price target on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Workday has an average rating of "Moderate Buy" and an average target price of $293.54.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 66,455 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $26,729,781.44. This trade represents a 39.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at approximately $7,789,921.75. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,793 shares of company stock worth $77,122,102. Company insiders own 20.00% of the company's stock.

Workday Trading Up 1.5%

NASDAQ WDAY traded up $3.58 on Friday, reaching $245.34. The stock had a trading volume of 704,804 shares, compared to its average volume of 2,523,119. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The stock has a fifty day moving average price of $241.70 and a two-hundred day moving average price of $253.71. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $65.26 billion, a price-to-earnings ratio of 40.73, a P/E/G ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The company's revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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.