Lido Advisors LLC Boosts Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Lido Advisors LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 208.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,134 shares of the software maker's stock after acquiring an additional 2,793 shares during the period. Lido Advisors LLC's holdings in Workday were worth $1,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bristlecone Advisors LLC increased its stake in shares of Workday by 49.6% in the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after purchasing an additional 968 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after purchasing an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new position in shares of Workday during the fourth quarter valued at approximately $369,000. Principal Financial Group Inc. raised its holdings in Workday by 45.0% in the third quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock worth $4,349,000 after purchasing an additional 5,519 shares in the last quarter. Finally, Smith Group Asset Management LLC increased its position in Workday by 9.4% during the 4th quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock valued at $28,129,000 after buying an additional 9,324 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Workday from a "hold" rating to a "buy" rating and lifted their price target for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. BNP Paribas raised Workday to a "strong-buy" rating in a research note on Friday, February 14th. Loop Capital boosted their target price on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Jefferies Financial Group dropped their price objective on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Stifel Nicolaus upped their price target on Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $293.62.

Insider Transactions at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total value of $1,809,975.00. Following the sale, the director now owns 75,000 shares of the company's stock, valued at $18,099,750. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. This represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,724 shares of company stock worth $77,976,126. Company insiders own 19.31% of the company's stock.

Workday Trading Up 3.7 %

WDAY stock traded up $9.39 during midday trading on Thursday, reaching $259.97. The company's stock had a trading volume of 617,048 shares, compared to its average volume of 2,569,956. The business's 50-day simple moving average is $238.31 and its 200-day simple moving average is $251.97. The stock has a market cap of $69.15 billion, a PE ratio of 43.12, a price-to-earnings-growth 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, Inc. has a 52 week low of $199.81 and a 52 week 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 analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current 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.