Callahan Advisors LLC Has $4.19 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Callahan Advisors LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,138 shares of the software maker’s stock after acquiring an additional 1,067 shares during the period. Callahan Advisors LLC’s holdings in Workday were worth $4,189,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WDAY. Janney Montgomery Scott LLC raised its holdings in Workday by 22.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,324 shares of the software maker’s stock valued at $6,907,000 after acquiring an additional 4,621 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Workday by 107.8% in the 1st quarter. Whittier Trust Co. now owns 2,186 shares of the software maker’s stock valued at $596,000 after purchasing an additional 1,134 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Workday by 39.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,105 shares of the software maker’s stock valued at $2,483,000 after purchasing an additional 2,586 shares during the period. Csenge Advisory Group grew its stake in shares of Workday by 30.1% in the 1st quarter. Csenge Advisory Group now owns 1,075 shares of the software maker’s stock valued at $293,000 after purchasing an additional 249 shares during the period. Finally, Duality Advisers LP grew its stake in shares of Workday by 117.8% in the 1st quarter. Duality Advisers LP now owns 6,372 shares of the software maker’s stock valued at $1,738,000 after purchasing an additional 3,446 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, August 23rd. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. DA Davidson upped their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Citigroup decreased their price target on Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $287.04.

Insider Activity

In related news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now owns 281,000 shares of the company’s stock, valued at approximately $68,004,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares in the company, valued at $68,004,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 in the last 90 days. 20.00% of the stock is owned by company insiders.

Workday Stock Performance

WDAY stock opened at $241.25 on Wednesday. The business’s fifty day moving average is $246.14 and its 200-day moving average is $235.78. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market cap of $63.93 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 4.79 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. Equities research analysts forecast that Workday, Inc. will post 2.4 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.