Capital International Sarl Purchases 154 Shares of Workday, Inc. (NASDAQ:WDAY)

Capital International Sarl boosted its position in Workday, Inc. (NASDAQ:WDAY) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,499 shares of the software maker’s stock after purchasing an additional 154 shares during the quarter. Capital International Sarl’s holdings in Workday were worth $2,967,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Workday in the 3rd quarter worth about $2,289,000. Anchor Investment Management LLC grew its position in Workday by 6.1% during the third quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock worth $1,552,000 after buying an additional 368 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Workday during the 3rd quarter worth $4,893,000. Tidal Investments LLC lifted its position in shares of Workday by 43.8% during the 3rd quarter. Tidal Investments LLC now owns 13,546 shares of the software maker’s stock valued at $3,311,000 after acquiring an additional 4,128 shares during the period. Finally, Synovus Financial Corp grew its holdings in shares of Workday by 5.7% during the 3rd quarter. Synovus Financial Corp now owns 19,590 shares of the software maker’s stock worth $4,788,000 after purchasing an additional 1,051 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Citigroup cut their target price on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group boosted their price target on Workday from $310.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Loop Capital lifted their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, February 19th. Finally, Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.25.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 81,275 shares of the company’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at $22,111,395.96. This represents a 44.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the sale, the chief executive officer now directly owns 10,847 shares of the company’s stock, valued at $2,544,814.67. The trade was a 22.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 321,724 shares of company stock valued at $77,976,126 over the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $221.02 on Friday. 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 company has a fifty day simple moving average of $244.00 and a 200 day simple moving average of $252.18. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a market cap of $58.79 billion, a P/E ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY) last posted its earnings results 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). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.