Beech Hill Advisors Inc. bought a new position in shares of Workday Inc (NASDAQ:WDAY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the software maker’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Workday by 22.5% during the second quarter. Advisor Group Inc. now owns 1,283 shares of the software maker’s stock worth $123,000 after acquiring an additional 236 shares during the last quarter. FNY Managed Accounts LLC increased its position in shares of Workday by 607.7% during the third quarter. FNY Managed Accounts LLC now owns 1,380 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,185 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Workday by 15.1% during the second quarter. Toronto Dominion Bank now owns 1,536 shares of the software maker’s stock worth $149,000 after acquiring an additional 201 shares during the last quarter. IBM Retirement Fund purchased a new stake in shares of Workday during the third quarter worth about $204,000. Finally, BlueSky Wealth Advisors LLC acquired a new position in Workday in the third quarter worth about $206,000. 66.95% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Robynne Sisco sold 5,061 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $110.53, for a total transaction of $559,392.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Duffield sold 482,001 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $103.77, for a total value of $50,017,243.77. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,197,306 shares of company stock worth $126,753,397. Corporate insiders own 37.71% of the company’s stock.

A number of equities analysts recently commented on WDAY shares. Canaccord Genuity reiterated a “buy” rating and issued a $125.00 price target on shares of Workday in a research note on Friday, October 6th. Robert W. Baird reiterated a “buy” rating on shares of Workday in a research note on Friday, October 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $125.00 price target on shares of Workday in a research note on Tuesday, October 17th. Bank of America lifted their price target on Workday from $123.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $120.00 price target on shares of Workday in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $106.81.

Shares of Workday Inc (NASDAQ:WDAY) opened at $115.30 on Tuesday. The firm has a market capitalization of $23,980.00, a P/E ratio of -80.07 and a beta of 1.83. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.74. Workday Inc has a twelve month low of $80.61 and a twelve month high of $116.89.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Wednesday, November 29th. The software maker reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. The company had revenue of $555.40 million for the quarter, compared to analysts’ expectations of $541.05 million. Workday had a negative return on equity of 19.73% and a negative net margin of 16.91%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. sell-side analysts forecast that Workday Inc will post -1.1 EPS for the current year.

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Workday Company Profile

Workday, Inc is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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