UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Workday, Inc. (NASDAQ:WDAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,191,170 shares of the software maker's stock after buying an additional 218,528 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.82% of Workday worth $565,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in Workday by 19.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,764 shares of the software maker's stock worth $455,000 after acquiring an additional 285 shares in the last quarter. Merit Financial Group LLC bought a new stake in Workday during the fourth quarter worth about $578,000. Arkadios Wealth Advisors boosted its stake in Workday by 11.3% during the fourth quarter. Arkadios Wealth Advisors now owns 3,525 shares of the software maker's stock worth $910,000 after acquiring an additional 357 shares in the last quarter. UMB Bank n.a. boosted its stake in Workday by 10.9% during the fourth quarter. UMB Bank n.a. now owns 1,060 shares of the software maker's stock worth $274,000 after acquiring an additional 104 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Workday by 65.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 273 shares of the software maker's stock worth $70,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, 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 transaction of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $26,729,781.44. This represents a 39.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,724 shares of company stock valued at $77,976,126. Insiders own 19.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Westpark Capital assumed coverage on shares of Workday in a research note on Tuesday, May 6th. They set a "buy" rating and a $315.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Citigroup lowered shares of Workday from a "neutral" rating to a "mixed" rating in a research note on Friday. Finally, Loop Capital boosted their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $293.62.

Workday Stock Up 0.2%

Shares of Workday stock opened at $273.84 on Wednesday. The company has a market cap of $72.84 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company's 50 day moving average is $241.93 and its 200 day moving average is $253.91. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.

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