Qsemble Capital Management LP Raises Position in Workday, Inc. (NASDAQ:WDAY)

Qsemble Capital Management LP lifted its stake in Workday, Inc. (NASDAQ:WDAYFree Report) by 124.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,526 shares of the software maker’s stock after purchasing an additional 5,826 shares during the period. Workday accounts for approximately 0.7% of Qsemble Capital Management LP’s holdings, making the stock its 27th largest position. Qsemble Capital Management LP’s holdings in Workday were worth $2,906,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Beacon Capital Management LLC raised its stake in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after buying an additional 70 shares during the period. VisionPoint Advisory Group LLC raised its stake in Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after acquiring an additional 84 shares during the period. Clear Street Markets LLC bought a new stake in Workday during the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC lifted its holdings in Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Workday in the fourth quarter worth approximately $33,000. 89.81% of the stock is owned by institutional investors.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on 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 of the company’s stock, valued at $223,302,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder David A. Duffield sold 65,221 shares of Workday stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares in the company, valued at approximately $223,302,270. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 435,691 shares of company stock worth $117,731,569. Insiders own 21.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on WDAY shares. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a research note on Monday, February 26th. DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, February 27th. Mizuho boosted their price target on Workday from $290.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. StockNews.com lowered shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Monday, April 8th. Finally, UBS Group reduced their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Get Our Latest Analysis on WDAY

Workday Trading Up 0.2 %

Shares of WDAY traded up $0.38 during mid-day trading on Friday, reaching $246.34. 1,582,077 shares of the company’s stock traded hands, compared to its average volume of 1,978,561. 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 stock’s 50-day moving average is $263.22 and its two-hundred day moving average is $266.06. Workday, Inc. has a 12 month low of $174.70 and a 12 month high of $311.28. The stock has a market cap of $65.03 billion, a P/E ratio of 47.83, a P/E/G ratio of 6.15 and a beta of 1.33.

Workday (NASDAQ:WDAYGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. Workday’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Workday Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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