Voya Investment Management LLC Purchases 82,051 Shares of Workday, Inc. (NASDAQ:WDAY)

Voya Investment Management LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 682,739 shares of the software maker's stock after buying an additional 82,051 shares during the quarter. Voya Investment Management LLC owned 0.26% of Workday worth $176,102,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WDAY. Loop Capital increased their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Daiwa America upgraded shares of Workday to a "strong-buy" rating in a research report on Tuesday, March 4th. Canaccord Genuity Group boosted their price objective on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Royal Bank of Canada upped their price objective on Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their target price on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Ten investment 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 company. According to data from MarketBeat.com, Workday presently has a consensus rating of "Moderate Buy" and an average price target of $292.86.

Workday Trading Up 1.2 %

Shares of WDAY traded up $2.78 during midday trading on Tuesday, hitting $242.60. The stock had a trading volume of 419,397 shares, compared to its average volume of 2,612,938. The stock's 50 day moving average is $240.31 and its 200 day moving average is $251.89. The firm has a market cap of $64.53 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. 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 1 year low of $199.81 and a 1 year high of $294.00.

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

Insiders Place Their Bets

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company's stock, valued at $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock worth $77,976,126 in the last three months. 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.