Mufg Securities Americas Inc. Makes New $812,000 Investment in Workday, Inc. (NASDAQ:WDAY)

Mufg Securities Americas Inc. purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,145 shares of the software maker's stock, valued at approximately $812,000.

Other hedge funds also recently made changes to their positions in the company. Simplicity Wealth LLC boosted its stake in Workday by 3.0% during the fourth 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. Marcum Wealth LLC boosted its stake in Workday by 4.4% during the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after buying an additional 41 shares during the period. Custom Index Systems LLC boosted its stake in Workday by 3.0% during the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after buying an additional 41 shares during the period. AllSquare Wealth Management LLC boosted its stake in Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after buying an additional 41 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in Workday by 1.5% during the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after buying an additional 43 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Workday

In related news, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark S. Garfield sold 497 shares of the company'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 value of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock worth $77,976,126 in the last 90 days. Company insiders own 19.31% of the company's stock.

Workday Trading Down 0.6%

Shares of NASDAQ WDAY traded down $1.66 during midday trading on Friday, reaching $273.05. The company had a trading volume of 2,328,351 shares, compared to its average volume of 2,572,961. Workday, Inc. has a one year low of $199.81 and a one year 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 firm's fifty day moving average price is $240.57 and its 200-day moving average price is $253.40. The stock has a market cap of $72.63 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on WDAY. Loop Capital lifted their price objective on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, February 19th. UBS Group lifted their price objective on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Oppenheimer lifted their price objective on Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. DA Davidson dropped their price objective on Workday from $270.00 to $230.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, BMO Capital Markets lifted their price target on Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $293.62.

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.