Duality Advisers LP Acquires New Shares in Workday, Inc. (NASDAQ:WDAY)

Duality Advisers LP bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,926 shares of the software maker’s stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC lifted its position in Workday by 1.2% during the 4th quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after acquiring an additional 34 shares during the last quarter. Washington Trust Advisors Inc. increased its holdings in shares of Workday by 8.1% during the 4th quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares during the period. Meitav Investment House Ltd. increased its holdings in shares of Workday by 2.6% during the 4th quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New increased its holdings in shares of Workday by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock worth $598,000 after purchasing an additional 37 shares during the period. Finally, Waldron Private Wealth LLC increased its holdings in shares of Workday by 0.9% during the 4th quarter. Waldron Private Wealth LLC now owns 4,691 shares of the software maker’s stock worth $1,294,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the completion of the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the sale, the insider now owns 66,356 shares of the company’s stock, valued at approximately $17,797,342.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WDAY shares. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Tuesday, February 27th. Citigroup upped their target price on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Wells Fargo & Company upped their target price on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Finally, Barclays lowered their target price on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Stock Performance

Shares of WDAY stock opened at $255.74 on Thursday. The stock has a market cap of $67.52 billion, a P/E ratio of 49.66, a P/E/G ratio of 6.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The company has a fifty day moving average price of $275.55 and a two-hundred day moving average price of $263.60. Workday, Inc. has a one year low of $174.25 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. As a group, equities analysts predict that Workday, Inc. will post 1.76 EPS 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.