Workday, Inc. (NASDAQ:WDAY) is Hyperion Asset Management Ltd's 10th Largest Position

Hyperion Asset Management Ltd raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,362 shares of the software maker's stock after acquiring an additional 91,193 shares during the quarter. Workday makes up 5.1% of Hyperion Asset Management Ltd's portfolio, making the stock its 10th largest holding. Hyperion Asset Management Ltd owned 0.22% of Workday worth $153,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. ORG Partners LLC lifted its position in shares of Workday by 3.9% during the 4th quarter. ORG Partners LLC now owns 2,760 shares of the software maker's stock valued at $712,000 after buying an additional 104 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Workday by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,227 shares of the software maker's stock valued at $10,809,000 after buying an additional 146 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Workday by 2.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,325 shares of the software maker's stock worth $600,000 after purchasing an additional 60 shares in the last quarter. Czech National Bank purchased a new position in Workday in the 4th quarter worth approximately $11,917,000. Finally, Fiduciary Alliance LLC purchased a new position in Workday in the 4th quarter worth approximately $2,486,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Trading Down 0.6%

Workday stock traded down $1.69 during mid-day trading on Friday, hitting $273.02. The company's stock had a trading volume of 1,241,483 shares, compared to its average volume of 2,180,188. The company has a 50 day moving average of $239.97 and a 200-day moving average of $253.05. The stock has a market cap of $72.62 billion, a PE ratio of 45.28, a P/E/G ratio of 3.55 and a beta of 1.30. 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.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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 the consensus estimate of $2.18 billion. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WDAY. Loop Capital boosted their price target on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Westpark Capital began coverage on Workday in a report on Tuesday, May 6th. They issued a "buy" rating and a $315.00 price target on the stock. Canaccord Genuity Group boosted their price target on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Daiwa America raised Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $293.62.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on 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 approximately $7,789,921.75. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the sale, the insider now owns 111,324 shares of the company's stock, valued at $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 321,724 shares of company stock worth $77,976,126. 19.31% of the stock is currently owned by company insiders.

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.