United Asset Strategies Inc. Takes $1.49 Million Position in Workday, Inc. (NASDAQ:WDAY)

United Asset Strategies Inc. acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,403 shares of the software maker's stock, valued at approximately $1,492,000.

A number of other institutional investors have also recently bought and sold shares of the business. Beacon Capital Management LLC grew its stake in shares of Workday by 333.3% during the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock worth $25,000 after acquiring an additional 70 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Workday during the 1st quarter worth $25,000. VisionPoint Advisory Group LLC grew its stake in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker's stock worth $26,000 after acquiring an additional 84 shares during the period. Clear Street Markets LLC bought a new position in Workday in the 3rd quarter worth about $29,000. Finally, Quarry LP bought a new position in Workday in the 2nd quarter worth about $29,000. Institutional investors own 89.81% of the company's stock.

Workday Trading Down 0.3 %

WDAY traded down $0.67 on Wednesday, hitting $257.02. 1,258,356 shares of the company were exchanged, compared to its average volume of 1,787,410. The firm has a fifty day simple moving average of $280.10 and a two-hundred day simple moving average of $262.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. Workday, Inc. has a 12 month low of $174.25 and a 12 month high of $311.28. The stock has a market capitalization of $67.85 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 6.49 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. Sell-side analysts expect that Workday, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Workday

In other news, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now directly owns 165,521 shares in the company, valued at approximately $44,177,554.90. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder David A. Duffield sold 65,221 shares of Workday 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 in the company, valued at $27,633,065.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now owns 165,521 shares in the company, valued at $44,177,554.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson restated a "neutral" rating and issued a $300.00 target price on shares of Workday in a research note on Tuesday, February 27th. Wells Fargo & Company raised their target price on Workday from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 20th. Stifel Nicolaus raised their target price on Workday from $250.00 to $290.00 and gave the stock a "hold" rating in a research note on Tuesday, February 27th. BMO Capital Markets raised their target price on Workday from $290.00 to $338.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 13th. Finally, Guggenheim restated a "sell" rating and issued a $190.00 target price on shares of Workday in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average price target of $293.61.

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.