Grandview Asset Management LLC Buys Shares of 1,300 Workday Inc (WDAY)

Grandview Asset Management LLC bought a new stake in shares of Workday Inc (NASDAQ:WDAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the software maker’s stock, valued at approximately $208,000.

A number of other large investors have also recently added to or reduced their stakes in the business. North Star Investment Management Corp. increased its position in Workday by 100.0% during the 4th quarter. North Star Investment Management Corp. now owns 200 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the period. First Personal Financial Services increased its position in Workday by 61.3% during the 4th quarter. First Personal Financial Services now owns 263 shares of the software maker’s stock valued at $42,000 after purchasing an additional 100 shares during the period. Nvwm LLC increased its position in Workday by 2.6% during the 4th quarter. Nvwm LLC now owns 5,073 shares of the software maker’s stock valued at $810,000 after purchasing an additional 127 shares during the period. State of Alaska Department of Revenue increased its position in Workday by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 17,941 shares of the software maker’s stock valued at $2,864,000 after purchasing an additional 144 shares during the period. Finally, Northstar Capital Management LLC increased its position in Workday by 14.5% during the 4th quarter. Northstar Capital Management LLC now owns 1,264 shares of the software maker’s stock valued at $202,000 after purchasing an additional 160 shares during the period. 67.93% of the stock is owned by institutional investors and hedge funds.

Shares of WDAY opened at $191.45 on Monday. Workday Inc has a 12-month low of $107.75 and a 12-month high of $190.35. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $41.67 billion, a P/E ratio of -150.75 and a beta of 1.89.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, November 29th. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.76. Workday had a negative return on equity of 15.98% and a negative net margin of 15.40%. The company had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $723.38 million. During the same period last year, the business earned $0.24 EPS. Workday’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Workday Inc will post -1.05 earnings per share for the current fiscal year.

In other Workday news, insider Robynne Sisco sold 6,048 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $164.75, for a total transaction of $996,408.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James P. Shaughnessy sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $155.69, for a total value of $1,556,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 999,158 shares of company stock worth $163,638,983. 33.59% of the stock is owned by company insiders.

WDAY has been the subject of a number of recent analyst reports. Cantor Fitzgerald set a $185.00 target price on shares of Workday and gave the company a “buy” rating in a research report on Sunday, December 2nd. Monness Crespi & Hardt restated a “buy” rating and set a $185.00 price target (up from $175.00) on shares of Workday in a report on Friday, November 30th. BidaskClub upgraded Workday from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. Stifel Nicolaus increased their price target on Workday to $160.00 and gave the stock a “hold” rating in a report on Friday, November 30th. Finally, Jefferies Financial Group increased their price target on Workday from $141.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Workday currently has an average rating of “Buy” and an average price target of $158.74.

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About Workday

Workday, Inc provides enterprise cloud applications for finance and human resources worldwide. It provides applications for customers to manage critical business functions to optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, employee expense and revenue management, projects, procurement, inventory, and grants management.

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Institutional Ownership by Quarter for Workday (NASDAQ:WDAY)

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