Mendel Money Management Purchases 1,135 Shares of Workday, Inc. (NASDAQ:WDAY)

Mendel Money Management raised its position in Workday, Inc. (NASDAQ:WDAY) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,838 shares of the software maker’s stock after purchasing an additional 1,135 shares during the period. Workday accounts for 1.5% of Mendel Money Management’s investment portfolio, making the stock its 23rd biggest position. Mendel Money Management’s holdings in Workday were worth $3,313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WDAY. Simplicity Wealth LLC grew its position in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker’s stock worth $330,000 after buying an additional 37 shares in the last quarter. Marcum Wealth LLC increased its position in shares of Workday by 4.4% in the fourth quarter. Marcum Wealth LLC now owns 966 shares of the software maker’s stock worth $249,000 after purchasing an additional 41 shares during the last quarter. Custom Index Systems LLC increased its position in shares of Workday by 3.0% in the fourth quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker’s stock worth $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC raised its stake in Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Workday by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 5,085 shares of the software maker’s stock valued at $1,243,000 after purchasing an additional 43 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WDAY. Barclays dropped their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. StockNews.com cut Workday from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company raised their price objective on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. KeyCorp upped their target price on Workday from $305.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on shares of Workday in a research note on Wednesday, February 19th. They set a “neutral” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $300.36.

Workday Trading Up 1.2 %

NASDAQ WDAY opened at $252.83 on Wednesday. The stock’s fifty day moving average price is $256.97 and its 200-day moving average price 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 stock has a market cap of $67.25 billion, a P/E ratio of 41.93, a P/E/G ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $261.75, for a total value of $14,658,000.00. Following the completion of the sale, the insider now directly owns 172,000 shares in the company, valued at $45,021,000. The trade was a 24.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the transaction, the director now owns 75,000 shares in the company, valued at approximately $18,099,750. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,001 shares of company stock worth $105,735,200. 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.