Everpar Advisors LLC Purchases Shares of 1,299 Workday, Inc. (NASDAQ:WDAY)

Everpar Advisors LLC acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,299 shares of the software maker’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC increased its position in shares of Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Workday by 215.4% during the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares in the last quarter. Clear Street Markets LLC purchased a new stake in shares of Workday during the third quarter worth approximately $29,000. Exchange Traded Concepts LLC increased its position in shares of Workday by 1,750.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after purchasing an additional 105 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Workday during the fourth quarter worth approximately $33,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares of the company’s stock, valued at $223,302,270. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,691 shares of company stock worth $117,731,569. 21.09% of the stock is currently owned by insiders.

Workday Stock Up 0.1 %

WDAY stock traded up $0.20 during mid-day trading on Wednesday, reaching $249.63. The company had a trading volume of 1,466,430 shares, compared to its average volume of 1,835,188. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. The firm has a fifty day simple moving average of $266.02 and a 200 day simple moving average of $266.06. Workday, Inc. has a fifty-two week low of $174.70 and a fifty-two week high of $311.28.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned ($0.14) EPS. Workday’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the subject of several research reports. Barclays dropped their price target on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. The Goldman Sachs Group upped their target price on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. TheStreet upgraded Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Tuesday, February 27th. Finally, Wells Fargo & Company upped their target price on Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two 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 a consensus target price of $293.61.

About Workday

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.