22,407 Shares in Workday, Inc. $WDAY Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in Workday, Inc. (NASDAQ:WDAY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,407 shares of the software maker’s stock, valued at approximately $5,394,000.

Several other large investors have also made changes to their positions in the business. Rakuten Securities Inc. bought a new position in shares of Workday in the second quarter worth about $25,000. Berbice Capital Management LLC raised its stake in Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock valued at $31,000 after purchasing an additional 75 shares during the period. Golden State Wealth Management LLC raised its stake in Workday by 2,216.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares during the period. Root Financial Partners LLC purchased a new position in Workday in the 3rd quarter worth approximately $40,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Workday in the 2nd quarter worth approximately $41,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore lowered shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $265.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Citigroup cut their target price on shares of Workday from $247.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Raymond James Financial reiterated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Finally, Stifel Nicolaus set a $175.00 price objective on shares of Workday in a report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $205.19.

Workday Price Performance

Workday stock opened at $148.14 on Tuesday. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00. The company has a quick ratio of 1.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $170.76 and its 200 day moving average is $208.28. The company has a market cap of $38.96 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.47 and a beta of 1.17.

Workday (NASDAQ:WDAY) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the sale, the insider directly owned 105,167 shares in the company, valued at $21,951,507.91. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the transaction, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 503,296 shares of company stock valued at $91,729,216 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.