E Fund Management Co. Ltd. Purchases 1,631 Shares of Workday, Inc. (NASDAQ:WDAY)

E Fund Management Co. Ltd. increased its position in Workday, Inc. (NASDAQ:WDAY) by 83.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,584 shares of the software maker’s stock after buying an additional 1,631 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Workday were worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service lifted its holdings in Workday by 2.9% in the 4th quarter. National Pension Service now owns 464,675 shares of the software maker’s stock worth $128,278,000 after buying an additional 13,140 shares during the period. Everpar Advisors LLC purchased a new stake in shares of Workday in the 4th quarter worth about $359,000. Blue Barn Wealth LLC purchased a new position in shares of Workday during the fourth quarter valued at about $239,000. Charles Schwab Investment Management Inc. lifted its holdings in Workday by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 744,482 shares of the software maker’s stock worth $205,522,000 after buying an additional 26,307 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in Workday by 40.1% during the 4th quarter. Apollon Wealth Management LLC now owns 2,151 shares of the software maker’s stock valued at $594,000 after acquiring an additional 616 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on WDAY. Citigroup raised 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. KeyCorp upped their price target on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Mizuho raised their price objective on shares of Workday from $290.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Tuesday, February 27th. Finally, Barclays reduced their price target on shares of Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.61.

Insiders Place Their Bets

In other news, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total value of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares in the company, valued at approximately $44,177,554.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the transaction, the insider now directly owns 165,521 shares of the company’s stock, valued at approximately $44,177,554.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George J. Still, Jr. sold 5,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the completion of the sale, the director now directly owns 105,000 shares in the company, valued at $28,404,600. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 over the last ninety days. 21.09% of the stock is owned by insiders.

Workday Price Performance

WDAY stock traded up $0.20 during mid-day trading on Wednesday, hitting $249.63. The company had a trading volume of 1,466,430 shares, compared to its average volume of 1,835,188. The company has a 50-day moving average price of $266.02 and a 200 day moving average price of $266.06. Workday, Inc. has a 12-month low of $174.70 and a 12-month high of $311.28. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of 48.47, a P/E/G ratio of 6.39 and a beta of 1.33. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. The company’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Workday, Inc. will post 1.76 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.