4,974 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Leeward Financial Partners LLC

Leeward Financial Partners LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,974 shares of the software maker's stock, valued at approximately $1,373,000.

A number of other large investors have also recently added to or reduced their stakes in WDAY. Norges Bank acquired a new position in Workday in the 4th quarter worth approximately $600,504,000. Wellington Management Group LLP boosted its stake in shares of Workday by 37.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker's stock valued at $1,109,348,000 after buying an additional 1,406,153 shares during the period. Winslow Capital Management LLC boosted its stake in shares of Workday by 76.4% during the 3rd quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker's stock valued at $496,436,000 after buying an additional 1,000,922 shares during the period. Morgan Stanley raised its holdings in shares of Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker's stock valued at $586,021,000 after purchasing an additional 872,288 shares in the last quarter. Finally, Amundi raised its holdings in shares of Workday by 233.9% during the 4th quarter. Amundi now owns 766,911 shares of the software maker's stock valued at $125,712,000 after purchasing an additional 537,196 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

NASDAQ:WDAY traded down $4.24 on Wednesday, reaching $266.86. The stock had a trading volume of 1,459,138 shares, compared to its average volume of 1,815,002. Workday, Inc. has a 1-year low of $174.25 and a 1-year high of $311.28. The company has a market capitalization of $70.45 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 6.71 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $283.73 and a 200-day moving average price of $260.67.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. The company's revenue was up 16.8% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Workday from $270.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Needham & Company LLC lifted their target price on shares of Workday from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, February 27th. Barclays dropped their target price on shares of Workday from $326.00 to $316.00 and set an "overweight" rating on the stock in a report on Tuesday, February 27th. Evercore ISI lifted their target price on shares of Workday from $310.00 to $350.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Finally, TheStreet upgraded shares of Workday from a "c" rating to a "b-" rating in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $293.61.

Insiders Place Their Bets

In other Workday news, insider Douglas A. Robinson sold 411 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the transaction, the insider now directly owns 165,521 shares of the company's stock, valued at $44,177,554.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Douglas A. Robinson sold 411 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the sale, the insider now directly owns 165,521 shares of the company's stock, valued at $44,177,554.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 65,221 shares of the business's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $27,633,065.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,422 shares of company stock valued at $120,553,369. Insiders own 21.09% of the company's stock.

About Workday

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.

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