Moloney Securities Asset Management LLC Makes New Investment in Workday, Inc. (NASDAQ:WDAY)

Moloney Securities Asset Management LLC purchased a new stake in Workday, Inc. (NASDAQ:WDAY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,257 shares of the software maker’s stock, valued at approximately $307,000.

A number of other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. lifted its holdings in shares of Workday by 15.3% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,121 shares of the software maker’s stock valued at $274,000 after purchasing an additional 149 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Workday by 13.3% in the third quarter. PDS Planning Inc now owns 1,168 shares of the software maker’s stock valued at $285,000 after purchasing an additional 137 shares in the last quarter. Leeward Financial Partners LLC lifted its holdings in shares of Workday by 4.6% in the third quarter. Leeward Financial Partners LLC now owns 6,780 shares of the software maker’s stock valued at $1,657,000 after purchasing an additional 296 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Workday by 14.4% in the third quarter. QRG Capital Management Inc. now owns 7,170 shares of the software maker’s stock valued at $1,752,000 after purchasing an additional 905 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Workday by 1.6% in the third quarter. Asset Management One Co. Ltd. now owns 78,699 shares of the software maker’s stock valued at $19,235,000 after purchasing an additional 1,274 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

Workday stock opened at $251.80 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $66.73 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 4.79 and a beta of 1.35. The stock’s 50 day moving average is $245.97 and its 200-day moving average is $235.90. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28.

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

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the sale, the insider now owns 505,000 shares of the company’s stock, valued at $125,032,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 370,575 shares of company stock worth $91,506,897. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WDAY. Barclays boosted their price target on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 18th. Needham & Company LLC lowered their target price on Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their target price on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Loop Capital lifted their target price on Workday from $240.00 to $255.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given 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 an average target price of $287.04.

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.