Cookson Peirce & Co. Inc. Buys 2,685 Shares of Workday, Inc. (NASDAQ:WDAY)

Cookson Peirce & Co. Inc. increased its stake in Workday, Inc. (NASDAQ:WDAY) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,194 shares of the software maker’s stock after buying an additional 2,685 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Workday were worth $2,814,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WDAY. Beacon Capital Management LLC increased its stake in shares of Workday by 333.3% during the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Workday during the first quarter valued at approximately $25,000. VisionPoint Advisory Group LLC increased its stake 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 valued at $26,000 after purchasing an additional 84 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of Workday during the third quarter valued at approximately $29,000. Finally, Quarry LP bought a new position in shares of Workday during the second quarter valued at approximately $29,000. 89.81% of the stock is owned by institutional investors.

Workday Stock Performance

Shares of Workday stock traded down $1.87 on Tuesday, hitting $257.76. 1,340,434 shares of the company’s stock were exchanged, compared to its average volume of 1,784,231. The company has a 50-day simple moving average of $281.47 and a 200-day simple moving average of $261.76. The stock has a market capitalization of $68.05 billion, a PE ratio of 50.41, a PEG ratio of 6.59 and a beta of 1.32. Workday, Inc. has a 1 year low of $174.25 and a 1 year high of $311.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.47 by $0.10. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. As a group, equities analysts anticipate that Workday, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. BMO Capital Markets increased their price target on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. KeyCorp increased their price target on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Finally, Barclays cut their price target on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. One investment 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. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Insider Activity

In other news, insider Douglas A. Robinson sold 411 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total transaction of $109,695.90. Following the sale, the insider now directly owns 165,521 shares in the company, valued at approximately $44,177,554.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Workday news, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $266.90, for a total value of $109,695.90. Following the sale, the insider now directly owns 165,521 shares in the company, valued at approximately $44,177,554.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total transaction of $916,918.59. Following the completion of the sale, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. Insiders have sold 379,691 shares of company stock worth $102,897,729 in the last three months. Company insiders own 21.09% of the company’s stock.

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.