AMS Capital Ltda Raises Position in Workday, Inc. (NASDAQ:WDAY)

AMS Capital Ltda grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 84.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,386 shares of the software maker's stock after acquiring an additional 12,111 shares during the quarter. Workday comprises approximately 2.5% of AMS Capital Ltda's holdings, making the stock its 14th largest position. AMS Capital Ltda's holdings in Workday were worth $6,162,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WDAY. Brighton Jones LLC raised its position in shares of Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after purchasing an additional 2,792 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Workday in the fourth quarter valued at about $8,984,000. Chicago Partners Investment Group LLC boosted its stake in shares of Workday by 4.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,359 shares of the software maker's stock worth $346,000 after acquiring an additional 61 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Workday by 4.4% during the 4th quarter. Greenleaf Trust now owns 2,299 shares of the software maker's stock worth $593,000 after acquiring an additional 97 shares in the last quarter. Finally, Fourpath Capital Management LLC boosted its stake in Workday by 16.5% during the 4th quarter. Fourpath Capital Management LLC now owns 799 shares of the software maker's stock valued at $206,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Up 0.2%

Shares of WDAY stock traded up $0.62 during trading hours on Thursday, hitting $250.10. 1,735,805 shares of the company's stock traded hands, compared to its average volume of 2,478,699. The stock's fifty day simple moving average is $241.89 and its two-hundred day simple moving average is $253.15. 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 $66.53 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.55 and a beta of 1.30. 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 released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $1.74 earnings per share. The business's revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares of the company's stock, valued at $2,544,814.67. This trade represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $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 252,338 shares of company stock valued at $59,875,701 over the last 90 days. Corporate insiders own 19.31% of the company's stock.

Analysts Set New Price Targets

WDAY has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and issued a $315.00 price objective on shares of Workday in a research report on Friday, May 23rd. UBS Group lifted their target price on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Daiwa America raised Workday to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, DA Davidson boosted their price target on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. 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. Based on data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $293.54.

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.