MassMutual Private Wealth & Trust FSB Increases Stock Position in Workday, Inc. (NASDAQ:WDAY)

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2,052.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,875 shares of the software maker's stock after acquiring an additional 5,602 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Workday were worth $1,372,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Simplicity Wealth LLC grew its stake in shares of Workday by 3.0% in the 4th quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after buying an additional 37 shares during the period. Custom Index Systems LLC lifted its holdings in Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after buying an additional 41 shares in the last quarter. AllSquare Wealth Management LLC lifted its holdings in Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after purchasing an additional 43 shares in the last quarter. Finally, Ashton Thomas Securities LLC raised its holdings in shares of Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock valued at $385,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WDAY shares. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. BMO Capital Markets raised their price objective 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. Redburn Atlantic assumed coverage on shares of Workday in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. Mizuho lowered their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Trading Up 0.0%

Shares of Workday stock traded up $0.04 during trading hours on Monday, hitting $247.75. The company's stock had a trading volume of 2,034,329 shares, compared to its average volume of 2,498,170. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The business has a fifty day moving average of $241.60 and a 200 day moving average of $253.27. The company has a market capitalization of $65.90 billion, a PE ratio of 41.09, a P/E/G ratio of 3.55 and a beta of 1.30. 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 released its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The business's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares in the company, valued at approximately $2,544,814.67. This represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,338 shares of company stock valued at $59,875,701 over the last 90 days. Corporate insiders own 19.31% of the company's stock.

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.