Savvy Advisors Inc. Buys Shares of 3,217 Workday, Inc. (NASDAQ:WDAY)

Savvy Advisors Inc. bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,217 shares of the software maker's stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bristlecone Advisors LLC grew its holdings in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after acquiring an additional 968 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock valued at $7,934,000 after acquiring an additional 1,978 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after acquiring an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new stake in shares of Workday in the fourth quarter valued at $369,000. Finally, Principal Financial Group Inc. lifted its holdings in Workday by 45.0% during the third quarter. Principal Financial Group Inc. now owns 17,794 shares of the software maker's stock valued at $4,349,000 after purchasing an additional 5,519 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of Workday stock traded down $6.69 during trading on Friday, reaching $221.02. 1,894,875 shares of the stock traded hands, compared to its average volume of 2,620,204. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $58.79 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The business has a fifty day simple moving average of $244.00 and a two-hundred day simple moving average of $252.18.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their target price on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and boosted their price target for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Mizuho dropped their price objective on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Redburn Atlantic assumed coverage on Workday in a research note on Wednesday, February 19th. They issued a "neutral" rating on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $296.25.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 497 shares of the firm'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 transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 321,724 shares of company stock worth $77,976,126. Corporate insiders own 20.00% of the company's stock.

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.