Park Place Capital Corp Has $153,000 Position in Workday, Inc. (NASDAQ:WDAY)

Park Place Capital Corp grew its position in Workday, Inc. (NASDAQ:WDAY) by 13.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 592 shares of the software maker’s stock after purchasing an additional 71 shares during the period. Park Place Capital Corp’s holdings in Workday were worth $153,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WDAY. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter worth approximately $26,000. Goodman Advisory Group LLC bought a new position in Workday in the 2nd quarter valued at $35,000. Meeder Asset Management Inc. boosted its stake in Workday by 42.2% in the third quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. New Millennium Group LLC grew its holdings 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 worth $36,000 after purchasing an additional 94 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Workday by 4,766.7% in the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock valued at $36,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of several research reports. Mizuho upped their price objective on Workday from $280.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Morgan Stanley boosted their price objective on shares of Workday from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Scotiabank began coverage on Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. StockNews.com cut shares of Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada upped their price target on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $292.25.

Workday Trading Up 1.1 %

Shares of WDAY stock opened at $253.48 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The firm has a 50 day moving average price of $261.72 and a two-hundred day moving average price of $247.27. 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 company has a market capitalization of $67.43 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 4.53 and a beta of 1.34.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Workday’s revenue was up 15.8% compared to the same quarter last year. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the transaction, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 438,819 shares of company stock valued at $113,142,592 in the last three months. Corporate insiders own 20.00% of the company’s stock.

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.