Sphera Funds Management LTD. Has $2.58 Million Position in Workday, Inc. (NASDAQ:WDAY)

Sphera Funds Management LTD. boosted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 33.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the software maker's stock after buying an additional 2,500 shares during the period. Sphera Funds Management LTD.'s holdings in Workday were worth $2,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its position in shares of Workday by 8.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,228 shares of the software maker's stock valued at $317,000 after purchasing an additional 92 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Workday during the 4th quarter valued at about $545,000. Park Avenue Securities LLC boosted its position in shares of Workday by 9.1% during the 4th quarter. Park Avenue Securities LLC now owns 9,105 shares of the software maker's stock valued at $2,349,000 after purchasing an additional 760 shares in the last quarter. Sendero Wealth Management LLC boosted its position in shares of Workday by 47.7% during the 4th quarter. Sendero Wealth Management LLC now owns 6,203 shares of the software maker's stock valued at $1,601,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Connective Portfolio Management LLC bought a new position in shares of Workday during the 4th quarter valued at about $310,000. Institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WDAY. BNP Paribas upgraded shares of Workday to a "strong-buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Scotiabank reduced their price objective on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Citigroup cut shares of Workday from a "neutral" rating to a "mixed" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Workday from $285.00 to $310.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.62.

Workday Stock Up 0.1%

WDAY traded up $0.25 during midday trading on Monday, hitting $273.30. 1,553,569 shares of the company's stock traded hands, compared to its average volume of 2,568,883. The company has a market cap of $72.70 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. The stock's fifty day simple moving average is $240.57 and its 200-day simple moving average is $253.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

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 for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the transaction, the chief executive officer now owns 10,847 shares in the company, valued at approximately $2,544,814.67. This trade represents a 22.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,724 shares of company stock valued at $77,976,126. 19.31% of the stock is currently owned by corporate insiders.

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.