Workday, Inc. (NASDAQ:WDAY) Shares Bought by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC increased its position in Workday, Inc. (NASDAQ:WDAY) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,494 shares of the software maker’s stock after buying an additional 46 shares during the period. Ashton Thomas Securities LLC’s holdings in Workday were worth $385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Roxbury Financial LLC purchased a new position in shares of Workday during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in Workday during the fourth quarter worth about $26,000. Avion Wealth lifted its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the period. TCTC Holdings LLC acquired a new stake in Workday in the 4th quarter worth about $35,000. Finally, True Wealth Design LLC grew its holdings in Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $252.83 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The business has a 50 day moving average price of $256.97 and a two-hundred day moving average price of $255.03. The firm has a market cap of $67.25 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last released its quarterly earnings results 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 company 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%. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on WDAY. UBS Group raised their target price on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Mizuho upped their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Bank of America cut their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on Workday from $285.00 to $310.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $300.36.

Insiders Place Their Bets

In other news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated 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 transaction, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,001 shares of company stock valued at $105,735,200 in the last ninety days. Corporate insiders own 20.00% of the company’s stock.

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.