Little House Capital LLC Purchases New Stake in Workday, Inc. (NASDAQ:WDAY)

Little House Capital LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,307 shares of the software maker's stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Simplicity Wealth LLC grew its stake in Workday by 3.0% during the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares during the last quarter. AllSquare Wealth Management LLC raised its holdings in Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after acquiring an additional 41 shares during the period. CreativeOne Wealth LLC increased its stake in Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after acquiring an additional 43 shares during the period. Salvus Wealth Management LLC boosted its position in Workday by 2.8% in the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after buying an additional 45 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its stake in shares of Workday by 3.2% during the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WDAY. Stifel Nicolaus dropped their price objective on shares of Workday from $310.00 to $275.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, May 21st. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $340.00 target price on shares of Workday in a research note on Friday, May 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Nine 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $297.68.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now owns 10,847 shares in the company, valued at $2,544,814.67. This represents a 22.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director now owns 67,500 shares of the company's stock, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,733 shares of company stock worth $59,649,301 in the last three months. Company insiders own 19.31% of the company's stock.

Workday Stock Performance

WDAY stock traded up $0.16 during midday trading on Friday, reaching $237.37. 1,812,166 shares of the company's stock traded hands, compared to its average volume of 2,460,086. The stock's 50-day moving average is $247.98 and its 200 day moving average is $250.89. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The stock has a market cap of $63.38 billion, a P/E ratio of 131.14, a PEG ratio of 3.58 and a beta of 1.24. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly 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 5.60% and a return on equity of 8.00%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the previous year, the company earned $1.74 EPS. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.