Workday, Inc. (NASDAQ:WDAY) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 9.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,441 shares of the software maker’s stock after purchasing an additional 307 shares during the period. Vinva Investment Management Ltd’s holdings in Workday were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WDAY. Parnassus Investments LLC grew its holdings in shares of Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker’s stock worth $631,589,000 after acquiring an additional 2,078,097 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Workday in the 4th quarter worth $194,679,000. Two Sigma Advisers LP grew its holdings in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after acquiring an additional 562,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Workday by 62.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker’s stock worth $350,921,000 after acquiring an additional 524,799 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after acquiring an additional 506,812 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the transaction, the director now directly owns 75,000 shares in the company, valued at $18,099,750. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 172,000 shares in the company, valued at $45,021,000. This represents a 24.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 473,001 shares of company stock worth $120,614,400. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 0.8 %

Workday stock opened at $250.47 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The business’s 50-day simple moving average is $256.76 and its 200-day simple moving average is $255.24. The firm has a market capitalization of $66.63 billion, a PE ratio of 41.54, a PEG ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 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 return on equity of 6.13% and a net margin of 19.86%. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on WDAY. Piper Sandler lifted their target price on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research report on Thursday, February 6th. The Goldman Sachs Group raised their target price on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Daiwa America raised Workday to a “strong-buy” rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets raised their target price on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $300.36.

About Workday

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.