173,396 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Workday, Inc. (NASDAQ:WDAY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 173,396 shares of the software maker’s stock, valued at approximately $44,741,000.

Several other large investors also recently bought and sold shares of WDAY. Roxbury Financial LLC bought a new stake in Workday in the 4th quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Workday in the 3rd quarter worth about $26,000. Crews Bank & Trust bought a new stake in Workday in the 4th quarter worth about $26,000. Avion Wealth increased its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays reduced their price objective on Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer boosted their price target on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank boosted their price target on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Workday in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $302.14.

Workday Stock Performance

NASDAQ:WDAY opened at $263.34 on Friday. 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 $296.44. The stock’s 50 day simple moving average is $259.69 and its two-hundred day simple moving average is $254.65. The company has a market cap of $70.05 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 3.55 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.18 billion. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 70,090 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 433,321 shares of company stock valued at $111,763,803 in the last quarter. 20.00% of the stock is currently owned by insiders.

About Workday

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.