Strive Asset Management LLC Takes Position in Workday, Inc. (NASDAQ:WDAY)

Strive Asset Management LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,133 shares of the software maker's stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Roxbury Financial LLC bought a new stake in shares of Workday in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of Workday in the 4th quarter worth about $26,000. Avion Wealth increased its holdings in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after buying an additional 86 shares during the last quarter. TCTC Holdings LLC bought a new stake in shares of Workday in the 4th quarter worth about $35,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Workday by 78.6% in the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.6%

Shares of NASDAQ:WDAY opened at $273.05 on Friday. The firm has a 50 day simple moving average of $240.57 and a 200-day simple moving average of $253.40. The company has a market capitalization of $72.63 billion, a PE ratio of 45.28, a P/E/G ratio of 3.55 and a beta of 1.30. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock valued at $77,976,126 over the last 90 days. 19.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WDAY shares. UBS Group lifted their price target on shares of Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. DA Davidson dropped their price target on shares of Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. BMO Capital Markets lifted their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. KeyCorp lifted their price target on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Daiwa America raised shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $293.62.

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.

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