Quotient Wealth Partners LLC Acquires 117 Shares of Workday, Inc. (NASDAQ:WDAY)

Quotient Wealth Partners LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 983 shares of the software maker’s stock after acquiring an additional 117 shares during the period. Quotient Wealth Partners LLC’s holdings in Workday were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WDAY. Crews Bank & Trust acquired a new position in shares of Workday during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in Workday in the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the period. True Wealth Design LLC grew its holdings in shares of Workday by 4,766.7% during the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after purchasing an additional 143 shares in the last quarter. Finally, New Millennium Group LLC increased its position in shares of Workday by 177.4% during the third quarter. New Millennium Group LLC now owns 147 shares of the software maker’s stock valued at $36,000 after purchasing an additional 94 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company upped their target price on shares of Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Barclays cut their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. JMP Securities reissued a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their price target on Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $292.43.

Workday Price Performance

Shares of WDAY opened at $269.88 on Tuesday. The stock has a market cap of $71.79 billion, a P/E ratio of 44.76, a price-to-earnings-growth ratio of 3.78 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The stock’s 50-day moving average price is $262.08 and its two-hundred day moving average price is $250.59. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of the transaction, the insider now owns 60,000 shares of the company’s stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is owned by company insiders.

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.