GF Fund Management CO. LTD. Buys Shares of 40,368 Workday, Inc. (NASDAQ:WDAY)

GF Fund Management CO. LTD. bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 40,368 shares of the software maker's stock, valued at approximately $10,416,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. Vise Technologies Inc. raised its position in shares of Workday by 46.5% in the 4th quarter. Vise Technologies Inc. now owns 3,485 shares of the software maker's stock worth $899,000 after acquiring an additional 1,106 shares in the last quarter. City National Bank of Florida MSD bought a new position in shares of Workday in the 4th quarter worth about $335,000. Harmony Asset Management LLC raised its position in shares of Workday by 11.1% in the 4th quarter. Harmony Asset Management LLC now owns 1,519 shares of the software maker's stock worth $392,000 after acquiring an additional 152 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its position in shares of Workday by 28.7% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,405 shares of the software maker's stock worth $363,000 after acquiring an additional 313 shares in the last quarter. Finally, Delta Investment Management LLC raised its position in shares of Workday by 24.0% in the 4th quarter. Delta Investment Management LLC now owns 12,734 shares of the software maker's stock worth $3,286,000 after acquiring an additional 2,463 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $1.29 during midday trading on Tuesday, reaching $239.30. The company's stock had a trading volume of 4,737,826 shares, compared to its average volume of 2,551,890. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The firm has a 50 day moving average price of $242.28 and a 200-day moving average price of $254.06. The stock has a market capitalization of $63.65 billion, a P/E ratio of 39.68, a PEG ratio of 3.55 and a beta of 1.30. 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 (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business earned $1.74 EPS. The company's revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 497 shares of the company'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 value of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the company'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 value of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. The trade was a 39.22% decrease in their position. 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. Insiders own 19.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Workday in a research report on Friday. BMO Capital Markets boosted their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Oppenheimer decreased their target price on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday. Finally, BNP Paribas raised Workday to a "strong-buy" rating in a research report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and a consensus target price of $293.54.

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.