Harbor Capital Advisors Inc. Acquires 2,184 Shares of Workday, Inc. (NASDAQ:WDAY)

Harbor Capital Advisors Inc. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 93.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,509 shares of the software maker's stock after purchasing an additional 2,184 shares during the period. Harbor Capital Advisors Inc.'s holdings in Workday were worth $1,053,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Workday during the fourth quarter worth approximately $25,000. TCTC Holdings LLC acquired a new stake in shares of Workday during the 4th quarter valued at $35,000. Financial Management Professionals Inc. boosted its holdings in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after acquiring an additional 54 shares in the last quarter. 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 purchasing an additional 66 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in Workday by 169.6% during the 1st quarter. Rothschild Investment LLC now owns 213 shares of the software maker's stock worth $50,000 after purchasing an additional 134 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 70,144 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $250.26, for a total value of $17,554,237.44. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $25,776,029.22. The trade was a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 237,338 shares of company stock valued at $56,281,251. 19.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WDAY has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. DA Davidson boosted their target price on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. The Goldman Sachs Group upped their price objective on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Jefferies Financial Group dropped their price objective on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus target price of $293.54.

Workday Stock Performance

Workday stock traded down $6.15 on Friday, hitting $244.54. The company's stock had a trading volume of 2,199,157 shares, compared to its average volume of 2,462,169. The firm has a market cap of $65.29 billion, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $245.50 and a 200-day moving average price of $252.47. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company's revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 EPS. On average, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.