Qsemble Capital Management LP Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

Qsemble Capital Management LP grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 124.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,526 shares of the software maker's stock after purchasing an additional 5,826 shares during the quarter. Workday comprises about 0.7% of Qsemble Capital Management LP's portfolio, making the stock its 27th biggest position. Qsemble Capital Management LP's holdings in Workday were worth $2,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Beacon Capital Management LLC grew its position in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock valued at $25,000 after purchasing an additional 70 shares during the period. VisionPoint Advisory Group LLC lifted its position in Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker's stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Clear Street Markets LLC acquired a new position in Workday during the 3rd quarter valued at about $29,000. Exchange Traded Concepts LLC increased its holdings in Workday by 1,750.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker's stock worth $31,000 after purchasing an additional 105 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Workday in the fourth quarter worth approximately $33,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares of the company's stock, valued at $48,749,162.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Douglas A. Robinson sold 411 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was 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 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 accessible through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the sale, the insider now directly owns 165,932 shares of the company's stock, valued at approximately $48,749,162.28. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock valued at $117,731,569 over the last quarter. 21.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Mizuho increased their price target on Workday from $290.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. UBS Group reduced their price target on shares of Workday from $315.00 to $300.00 and set a "neutral" rating for the company in a research report on Tuesday, February 27th. Barclays lowered their price objective on shares of Workday from $326.00 to $316.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 27th. TheStreet raised Workday from a "c" rating to a "b-" rating in a research report on Monday, February 26th. Finally, Morgan Stanley dropped their price objective on shares of Workday from $335.00 to $330.00 and set an "overweight" rating on the stock in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $293.61.

Workday Price Performance

Shares of WDAY stock traded up $0.38 during trading on Friday, hitting $246.34. The company had a trading volume of 1,582,077 shares, compared to its average volume of 1,978,561. The stock has a market capitalization of $65.03 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 6.15 and a beta of 1.33. The stock's 50-day moving average is $263.22 and its two-hundred day moving average is $266.44. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52 week low of $174.70 and a 52 week high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion during 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%. Workday's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. As a group, analysts predict that Workday, Inc. will post 1.76 EPS for the current fiscal year.

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.