Simon Quick Advisors LLC Grows Holdings in Workday, Inc. (NASDAQ:WDAY)

Simon Quick Advisors LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 80.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,483 shares of the software maker's stock after buying an additional 1,106 shares during the period. Simon Quick Advisors LLC's holdings in Workday were worth $580,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Focus Financial Network Inc. boosted its position in Workday by 16.5% in the 1st quarter. Focus Financial Network Inc. now owns 1,987 shares of the software maker's stock valued at $464,000 after buying an additional 281 shares during the period. Integrated Advisors Network LLC boosted its position in Workday by 88.5% in the 1st quarter. Integrated Advisors Network LLC now owns 3,276 shares of the software maker's stock valued at $765,000 after buying an additional 1,538 shares during the period. SG Americas Securities LLC boosted its position in Workday by 29.6% in the 1st quarter. SG Americas Securities LLC now owns 12,619 shares of the software maker's stock valued at $2,947,000 after buying an additional 2,880 shares during the period. Simplicity Wealth LLC boosted its position in Workday by 5.2% in the 1st quarter. Simplicity Wealth LLC now owns 1,344 shares of the software maker's stock valued at $314,000 after buying an additional 67 shares during the period. Finally, GAMMA Investing LLC boosted its position in Workday by 128.5% in the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker's stock valued at $659,000 after buying an additional 1,586 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WDAY has been the subject of several research reports. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. Daiwa America raised shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Westpark Capital upped their price target on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. DA Davidson upped their price target on shares of Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $6.15 on Friday, reaching $244.54. 2,199,157 shares of the company were exchanged, compared to its average volume of 2,462,169. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The firm has a market cap of $65.29 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The company has a 50-day moving average of $245.50 and a 200-day moving average of $252.47.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly 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 net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the prior year, the company posted $1.74 EPS. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. The trade was a 44.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was 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 in the company, valued at $2,544,814.67. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 237,338 shares of company stock worth $56,281,251 in the last three months. Corporate insiders own 19.31% of the company's stock.

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.