Ownership Capital B.V. Has $12.43 Million Stake in Workday, Inc. $WDAY

Ownership Capital B.V. cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 89.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,632 shares of the software maker’s stock after selling 430,933 shares during the period. Workday accounts for approximately 7.0% of Ownership Capital B.V.’s holdings, making the stock its 4th biggest holding. Ownership Capital B.V.’s holdings in Workday were worth $12,429,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WDAY. Verdence Capital Advisors LLC grew its stake in shares of Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 45 shares during the period. Perennial Investment Advisors LLC boosted its stake in Workday by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock worth $418,000 after acquiring an additional 48 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in Workday by 2.3% during the second quarter. Johnson Investment Counsel Inc. now owns 2,201 shares of the software maker’s stock valued at $528,000 after purchasing an additional 49 shares during the period. Bay Harbor Wealth Management LLC increased its stake in Workday by 12.0% in the third quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after purchasing an additional 49 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Workday by 1.2% in the third quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock worth $994,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $190.85 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The business has a 50-day moving average of $211.64 and a 200-day moving average of $224.66. The stock has a market capitalization of $50.19 billion, a price-to-earnings ratio of 80.19, a PEG ratio of 2.13 and a beta of 1.14. Workday, Inc. has a fifty-two week low of $180.56 and a fifty-two week high of $283.68.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, insider Gerrit S. Kazmaier sold 6,547 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the sale, the insider directly owned 111,353 shares in the company, valued at approximately $24,360,695.81. This trade represents a 5.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.00, for a total value of $656,250.00. Following the transaction, the chief executive officer directly owned 17,097 shares in the company, valued at approximately $3,590,370. This trade represents a 15.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 370,321 shares of company stock worth $78,866,401 over the last ninety days. Company insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of Workday in a research report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price target on shares of Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Oppenheimer reissued an “outperform” rating on shares of Workday in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Finally, Barclays lowered their target price on Workday from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $278.09.

Workday Company Profile

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.