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

Hyperion Asset Management Ltd raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 596,362 shares of the software maker's stock after buying an additional 91,193 shares during the quarter. Workday comprises approximately 5.1% of Hyperion Asset Management Ltd's portfolio, making the stock its 10th biggest position. Hyperion Asset Management Ltd owned 0.22% of Workday worth $153,879,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Roxbury Financial LLC bought a new stake in shares of Workday in the 4th quarter worth $25,000. Crews Bank & Trust bought a new stake in Workday in the 4th quarter worth about $26,000. Avion Wealth raised its position in Workday by 452.6% in 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 bought a new position in Workday during the 4th quarter valued at about $35,000. Finally, Rakuten Securities Inc. grew its stake in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the business'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 sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. This trade represents a 39.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 over the last 90 days. 19.31% of the stock is owned by insiders.

Analyst Ratings Changes

WDAY has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. KeyCorp upped their price objective on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Guggenheim reiterated a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Finally, DA Davidson dropped their price objective on shares of Workday from $270.00 to $230.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $293.62.

Workday Price Performance

Shares of NASDAQ:WDAY traded up $3.45 during mid-day trading on Tuesday, reaching $270.02. The stock had a trading volume of 1,470,680 shares, compared to its average volume of 2,573,005. The business's 50 day moving average price is $238.96 and its 200 day moving average price is $252.65. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The company has a market cap of $71.83 billion, a P/E ratio of 44.78, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

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

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.