25,480 Shares in Workday, Inc. (NASDAQ:WDAY) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,480 shares of the software maker’s stock, valued at approximately $6,575,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in shares of Workday in the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Workday in the 3rd quarter valued at approximately $26,000. Crews Bank & Trust acquired a new position in shares of Workday in the 4th quarter valued at approximately $26,000. Avion Wealth raised its position in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after purchasing an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares of the company’s stock, valued at $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 369,374 shares of company stock valued at $95,786,918 over the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. BNP Paribas raised Workday to a “strong-buy” rating in a research report on Friday, February 14th. Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Wednesday, February 26th. Royal Bank of Canada upped their price target on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and upped their price target for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.14.

Workday Trading Down 3.3 %

NASDAQ:WDAY opened at $254.57 on Tuesday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock has a market cap of $67.72 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 3.55 and a beta of 1.35. The business has a fifty day moving average of $259.48 and a 200-day moving average of $255.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.