Vise Technologies Inc. Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

Vise Technologies Inc. increased its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,485 shares of the software maker's stock after purchasing an additional 1,106 shares during the quarter. Vise Technologies Inc.'s holdings in Workday were worth $899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WDAY. Crossmark Global Holdings Inc. raised its position in shares of Workday by 42.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,433 shares of the software maker's stock valued at $1,143,000 after purchasing an additional 1,317 shares during the period. Atomi Financial Group Inc. purchased a new position in Workday in the 4th quarter worth approximately $344,000. Nisa Investment Advisors LLC grew its stake in Workday by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 23,962 shares of the software maker's stock worth $6,183,000 after buying an additional 112 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Workday by 12.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,575 shares of the software maker's stock worth $5,567,000 after buying an additional 2,347 shares in the last quarter. Finally, Brighton Jones LLC grew its stake in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after buying an additional 2,792 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $26,729,781.44. This represents a 39.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 318,793 shares of company stock valued at $77,122,102 over the last three months. 20.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Workday from $310.00 to $275.00 and set a "hold" rating for the company in a report on Friday, May 23rd. KeyCorp decreased their price target on shares of Workday from $335.00 to $325.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. UBS Group raised their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Loop Capital dropped their price target on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $293.54.

Workday Price Performance

Shares of WDAY stock traded up $3.64 on Friday, reaching $245.40. The company's stock had a trading volume of 889,366 shares, compared to its average volume of 2,523,837. The stock's fifty day simple moving average is $241.70 and its 200-day simple moving average is $253.71. Workday, Inc. has a 1 year low of $199.81 and a 1 year 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. The company has a market capitalization of $65.28 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping the consensus estimate of $2.01 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 earnings per share. Analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal 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.