Workday, Inc. (NASDAQ:WDAY) is Two Star Manager LLC's 10th Largest Position

Two Star Manager LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,140 shares of the software maker's stock after purchasing an additional 2,047 shares during the quarter. Workday comprises about 5.0% of Two Star Manager LLC's portfolio, making the stock its 10th largest holding. Two Star Manager LLC's holdings in Workday were worth $10,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crews Bank & Trust purchased a new position in shares of Workday in the 4th quarter valued at approximately $26,000. Roxbury Financial LLC purchased a new position in Workday during the 4th quarter worth approximately $25,000. Avion Wealth raised its position in Workday by 452.6% during 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 purchased a new position in Workday during the 4th quarter worth approximately $35,000. Finally, Rakuten Securities Inc. raised its position in Workday by 78.6% during 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 owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 66,455 shares of Workday stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 321,724 shares of company stock valued at $77,976,126. 19.31% of the stock is currently owned by company insiders.

Workday Trading Down 0.6%

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 debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The firm has a market cap of $72.63 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 3.55 and a beta of 1.30.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th. Loop Capital raised 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. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $293.62.

Workday Company 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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