Prudential Financial Inc. Has $49.22 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Prudential Financial Inc. grew its stake in Workday, Inc. (NASDAQ:WDAY) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,762 shares of the software maker’s stock after purchasing an additional 15,307 shares during the period. Prudential Financial Inc. owned about 0.07% of Workday worth $49,222,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Roxbury Financial LLC bought a new position in Workday during the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in shares of Workday during the 4th quarter worth approximately $26,000. Avion Wealth raised its stake in shares of Workday by 452.6% in the fourth 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. TCTC Holdings LLC bought a new position in Workday in the fourth quarter worth $35,000. Finally, True Wealth Design LLC boosted its stake in Workday by 4,766.7% during the third quarter. True Wealth Design LLC now owns 146 shares of the software maker’s stock worth $36,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Up 1.2 %

Shares of NASDAQ WDAY opened at $252.83 on Wednesday. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The firm’s 50-day moving average is $256.97 and its 200-day moving average is $255.03. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $67.25 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Thursday, February 6th. Bank of America cut their price target on shares of Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Oppenheimer upped their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Monday. Finally, Canaccord Genuity Group boosted their price target on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $300.36.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the sale, the chief executive officer now directly owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 71,672 shares of Workday stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,602,994.26. The trade was a 41.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,001 shares of company stock worth $105,735,200 in the last three months. Insiders own 20.00% of the company’s stock.

Workday 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.