Moloney Securities Asset Management LLC Boosts Position in Workday, Inc. (NASDAQ:WDAY)

Moloney Securities Asset Management LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 51.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,905 shares of the software maker’s stock after acquiring an additional 648 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Workday were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Workday in the 3rd quarter worth about $26,000. Crews Bank & Trust bought a new position in Workday in the fourth quarter worth about $26,000. Meeder Asset Management Inc. lifted its holdings in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after buying an additional 43 shares during the period. New Millennium Group LLC boosted its position in Workday by 177.4% during the 3rd quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after acquiring an additional 94 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after acquiring an additional 143 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was 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 of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the sale, the director now directly owns 6,845 shares of the company’s stock, valued at $1,732,401.05. This represents a 21.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last quarter. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Workday in a research note on Thursday, February 6th. Scotiabank started coverage on Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price objective for the company. Mizuho upped their target price on shares of Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup decreased their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their price objective on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $292.43.

Workday Trading Down 0.7 %

Shares of WDAY stock opened at $269.88 on Tuesday. The stock has a market capitalization of $71.79 billion, a P/E ratio of 44.76, a P/E/G ratio of 3.78 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $262.08 and its 200 day moving average is $250.59. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

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.