Diversified Trust Co Purchases 1,928 Shares of Workday, Inc. (NASDAQ:WDAY)

Diversified Trust Co grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 29.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,474 shares of the software maker’s stock after acquiring an additional 1,928 shares during the period. Diversified Trust Co’s holdings in Workday were worth $2,187,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Workday by 42.8% in the 2nd quarter. Principal Financial Group Inc. now owns 12,275 shares of the software maker’s stock worth $2,744,000 after acquiring an additional 3,679 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in Workday by 28.9% in the second quarter. Lake Street Advisors Group LLC now owns 1,013 shares of the software maker’s stock worth $226,000 after purchasing an additional 227 shares during the last quarter. Asset Dedication LLC purchased a new stake in Workday during the second quarter valued at about $36,000. Acadian Asset Management LLC grew its stake in shares of Workday by 373.9% during the second quarter. Acadian Asset Management LLC now owns 27,538 shares of the software maker’s stock valued at $6,152,000 after buying an additional 21,727 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Workday by 39.0% in the second quarter. Caprock Group LLC now owns 2,660 shares of the software maker’s stock worth $595,000 after buying an additional 746 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $249.68 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market capitalization of $66.41 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 5.04 and a beta of 1.34. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company’s 50-day moving average is $261.60 and its 200 day moving average is $245.37.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Sell-side analysts expect that Workday, Inc. will post 2.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the sale, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 17.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sayan Chakraborty sold 5,498 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares of the company’s stock, valued at $30,369,458. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,085 shares of company stock valued at $95,380,557 over the last ninety days. 20.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on WDAY shares. The Goldman Sachs Group raised their price target on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. StockNews.com upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Monday. Loop Capital lowered their price target on shares of Workday from $270.00 to $242.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Monday, November 25th. Eight analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.36.

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.