Lmcg Investments LLC Purchases 155 Shares of Workday, Inc. (NASDAQ:WDAY)

Lmcg Investments LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,518 shares of the software maker’s stock after purchasing an additional 155 shares during the quarter. Lmcg Investments LLC’s holdings in Workday were worth $4,363,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Workday by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 199,304 shares of the software maker’s stock worth $55,020,000 after acquiring an additional 3,231 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Workday by 28.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,890 shares of the software maker’s stock valued at $798,000 after acquiring an additional 644 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Workday by 13.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,703 shares of the software maker’s stock worth $5,715,000 after purchasing an additional 2,527 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Workday in the fourth quarter worth about $229,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Workday by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 604 shares of the software maker’s stock valued at $167,000 after purchasing an additional 132 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Down 0.3 %

Shares of NASDAQ WDAY opened at $249.21 on Tuesday. The firm’s 50-day moving average price is $235.70 and its 200-day moving average price is $242.70. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. The stock has a market capitalization of $66.04 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 5.40 and a beta of 1.35.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.27 EPS for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 78,279 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $23,059,998.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.29, for a total transaction of $812,365.09. Following the sale, the insider now owns 196,344 shares in the company, valued at approximately $51,106,379.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 78,279 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $223.89, for a total value of $17,525,885.31. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $23,059,998.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 466,402 shares of company stock valued at $107,992,034. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of Workday from $286.00 to $289.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Jefferies Financial Group dropped their target price on shares of Workday from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, May 24th. JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Friday, May 24th. Mizuho cut their price objective on shares of Workday from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Finally, Robert W. Baird cut their price objective on Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, Workday presently has an average rating of “Moderate Buy” and a consensus target price of $288.15.

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.