AllSquare Wealth Management LLC Purchases 41 Shares of Workday, Inc. (NASDAQ:WDAY)

AllSquare Wealth Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252 shares of the software maker’s stock after buying an additional 41 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Workday were worth $65,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDAY. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Workday in the 4th quarter worth approximately $11,686,000. Royal London Asset Management Ltd. raised its holdings in Workday by 5.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 91,610 shares of the software maker’s stock worth $23,638,000 after purchasing an additional 5,120 shares during the period. First Financial Bankshares Inc lifted its holdings in Workday by 0.4% during the fourth quarter. First Financial Bankshares Inc now owns 33,049 shares of the software maker’s stock worth $8,528,000 after acquiring an additional 134 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Workday by 27.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 12,536 shares of the software maker’s stock valued at $3,235,000 after purchasing an additional 2,725 shares during the period. Finally, Vinva Investment Management Ltd boosted its holdings in shares of Workday by 9.8% in the fourth quarter. Vinva Investment Management Ltd now owns 3,441 shares of the software maker’s stock valued at $902,000 after buying an additional 307 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 71,672 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $25,602,994.26. This trade represents a 41.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 472 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 473,001 shares of company stock valued at $120,614,400. Insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WDAY. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Canaccord Genuity Group upped their price target on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on Workday from $310.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, BNP Paribas raised shares of Workday to a “strong-buy” rating in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $300.36.

Workday Price Performance

Workday stock opened at $250.47 on Friday. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $66.63 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.55 and a beta of 1.38. The company has a fifty day simple moving average of $256.76 and a 200-day simple moving average of $255.24.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Workday Company 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.