Kirtland Hills Capital Management LLC Purchases 283 Shares of Workday, Inc. (NASDAQ:WDAY)

Kirtland Hills Capital Management LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,497 shares of the software maker’s stock after purchasing an additional 283 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Workday were worth $644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. Hennion & Walsh Asset Management Inc. boosted its position in shares of Workday by 28.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,479 shares of the software maker’s stock worth $361,000 after purchasing an additional 327 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Workday by 47.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,168 shares of the software maker’s stock valued at $774,000 after acquiring an additional 1,025 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Workday by 1,265.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,081 shares of the software maker’s stock valued at $10,774,000 after acquiring an additional 40,853 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Workday by 53.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 126,363 shares of the software maker’s stock valued at $30,442,000 after acquiring an additional 44,217 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Workday by 20.8% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,560 shares of the software maker’s stock valued at $1,080,000 after acquiring an additional 786 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 2.5 %

Shares of WDAY opened at $255.22 on Wednesday. The stock has a market capitalization of $67.89 billion, a P/E ratio of 42.33, a PEG ratio of 3.55 and a beta of 1.35. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $259.97 and a two-hundred day simple moving average of $254.12. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $311.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In related news, insider Sayan Chakraborty sold 5,498 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the transaction, the insider now owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total transaction of $17,840,007.70. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,215,826.41. The trade was a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,819 shares of company stock worth $113,142,592. 20.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WDAY. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their price objective on shares of Workday from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Redburn Atlantic started coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Royal Bank of Canada boosted their price target on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price target on shares of Workday from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $291.11.

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.