Dohj LLC Boosts Position in Workday, Inc. (NASDAQ:WDAY)

Dohj LLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 142.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,368 shares of the software maker's stock after acquiring an additional 2,564 shares during the period. Dohj LLC's holdings in Workday were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new stake in shares of Workday during the fourth quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. bought a new stake in Workday in the 1st quarter valued at $32,000. TCTC Holdings LLC bought a new stake in Workday in the 4th quarter valued at $35,000. Financial Management Professionals Inc. increased its holdings in shares of Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in 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 purchasing an additional 66 shares during the period. 89.81% of the stock is owned by institutional investors.

Workday Stock Down 2.5%

NASDAQ WDAY traded down $6.15 on Friday, hitting $244.54. 2,199,157 shares of the stock were exchanged, compared to its average volume of 2,465,463. The company has a 50-day moving average price of $245.50 and a 200-day moving average price of $252.47. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week 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. The company has a market cap of $65.29 billion, a PE ratio of 40.55, a PEG ratio of 3.55 and a beta of 1.24.

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

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 70,144 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $250.26, for a total transaction of $17,554,237.44. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $25,776,029.22. This trade represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction 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. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 237,338 shares of company stock worth $56,281,251. 19.31% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on WDAY shares. Citigroup downgraded shares of Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. KeyCorp lowered their price target on shares of Workday from $335.00 to $325.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Finally, UBS Group lifted their target price 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. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $293.54.

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.