Diversify Advisory Services LLC Grows Stock Position in Workday, Inc. (NASDAQ:WDAY)

Diversify Advisory Services LLC grew its stake in Workday, Inc. (NASDAQ:WDAY) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,263 shares of the software maker’s stock after buying an additional 1,713 shares during the quarter. Diversify Advisory Services LLC’s holdings in Workday were worth $2,812,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its holdings 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 period. Grafton Street Partners Fund LP purchased a new position in shares of Workday during the 3rd quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after purchasing an additional 7,802 shares during the period. Nordea Investment Management AB boosted its holdings in Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after buying an additional 119,769 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock valued at $384,518,000 after buying an additional 118,180 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 0.4 %

WDAY opened at $249.64 on Monday. The business’s 50 day moving average price is $262.40 and its 200 day moving average price is $246.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $66.40 billion, a PE ratio of 41.40, a P/E/G ratio of 4.51 and a beta of 1.34. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. As a group, equities research analysts expect that Workday, Inc. will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. Loop Capital decreased their price objective on shares of Workday from $270.00 to $242.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Mizuho upped their price target on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com lowered Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada upped their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Finally, Guggenheim raised shares of Workday from a “sell” rating to a “neutral” rating in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $292.25.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 70,090 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock worth $113,142,592 over the last three months. 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.