AMS Capital Ltda Boosts Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

AMS Capital Ltda lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 84.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,386 shares of the software maker's stock after acquiring an additional 12,111 shares during the period. Workday makes up approximately 2.5% of AMS Capital Ltda's investment portfolio, making the stock its 14th largest position. AMS Capital Ltda's holdings in Workday were worth $6,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Roxbury Financial LLC acquired a new stake in Workday during the fourth quarter worth about $25,000. Avion Wealth grew its stake in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Workday during the fourth quarter worth about $35,000. Financial Management Professionals Inc. grew its stake in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake 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. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the completion of the sale, the director now owns 75,000 shares of the company's stock, valued at $18,099,750. This trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, 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. Insiders sold a total of 252,338 shares of company stock valued at $59,875,701 in the last quarter. 19.31% of the stock is currently owned by company insiders.

Workday Trading Up 1.0%

Workday stock traded up $2.62 during mid-day trading on Friday, hitting $252.72. 1,393,024 shares of the stock were exchanged, compared to its average volume of 2,474,061. 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, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm's fifty day simple moving average is $242.59 and its two-hundred day simple moving average is $252.88. The stock has a market capitalization of $67.48 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 3.55 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.22 billion. During the same quarter last year, the business earned $1.74 EPS. The company's revenue was up 12.6% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WDAY. Jefferies Financial Group reduced their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research note on Tuesday, March 4th. UBS Group raised their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their price target on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Scotiabank reduced their price target on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $293.54.

Workday 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.