Workday, Inc. (NASDAQ:WDAY) Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,645 shares of the software maker's stock after purchasing an additional 1,070 shares during the period. Janney Montgomery Scott LLC's holdings in Workday were worth $5,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WDAY. Farmers & Merchants Investments Inc. bought a new stake in Workday during the first quarter valued at $32,000. TCTC Holdings LLC bought a new stake in Workday during the fourth quarter valued at $35,000. Financial Management Professionals Inc. increased 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 valued at $36,000 after purchasing an additional 54 shares during the last quarter. Rakuten Securities Inc. increased its stake in Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in Workday by 169.6% during the first quarter. Rothschild Investment LLC now owns 213 shares of the software maker's stock valued at $50,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Price Performance

WDAY stock traded down $1.61 on Monday, hitting $236.58. 1,750,606 shares of the company's stock traded hands, compared to its average volume of 2,457,737. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The stock has a market cap of $63.17 billion, a price-to-earnings ratio of 130.71, a P/E/G ratio of 3.60 and a beta of 1.24. The stock has a fifty day moving average of $247.10 and a 200-day moving average of $251.63. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The business's quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

WDAY has been the subject of several recent research reports. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 price target on shares of Workday in a research report on Friday, May 23rd. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. UBS Group upped their price target on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group upped their price target on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their price target on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $293.54.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director now directly owns 67,500 shares of the company's stock, valued at approximately $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $22,111,395.96. This represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,762 shares of company stock valued at $41,995,382. 20.00% of the stock is currently owned by corporate insiders.

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.