3,558 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,558 shares of the software maker's stock, valued at approximately $918,000.

A number of other institutional investors have also modified their holdings of WDAY. Simplicity Wealth LLC grew its holdings in Workday by 3.0% in the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after purchasing an additional 37 shares during the period. Marcum Wealth LLC grew its stake in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock valued at $249,000 after buying an additional 41 shares during the period. Custom Index Systems LLC increased its holdings in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock worth $364,000 after buying an additional 41 shares during the last quarter. AllSquare Wealth Management LLC raised its position in shares of Workday by 19.4% in the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock worth $65,000 after buying an additional 41 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Performance

WDAY stock traded down $1.42 during midday trading on Wednesday, reaching $241.97. The company had a trading volume of 497,588 shares, compared to its average volume of 2,609,013. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $239.94 and a 200 day moving average price of $251.83. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a market capitalization of $64.36 billion, a PE ratio of 40.13, a P/E/G ratio of 3.55 and a beta of 1.32.

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). The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WDAY shares. Guggenheim reiterated a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. BNP Paribas upgraded Workday to a "strong-buy" rating in a research note on Friday, February 14th. Citigroup reduced their price objective on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Mizuho reduced their price objective on Workday from $320.00 to $275.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, BMO Capital Markets boosted their price objective on Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $292.86.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares in the company, valued at approximately $2,544,814.67. The trade was a 22.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the company'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 value of $112,595.35. Following the completion of the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,724 shares of company stock worth $77,976,126. Company insiders own 20.00% of the company's stock.

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.