WINTON GROUP Ltd Purchases 15,152 Shares of Workday, Inc. $WDAY

WINTON GROUP Ltd increased its position in Workday, Inc. (NASDAQ:WDAY) by 67.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,559 shares of the software maker’s stock after acquiring an additional 15,152 shares during the quarter. WINTON GROUP Ltd’s holdings in Workday were worth $8,067,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WDAY. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Workday during the 3rd quarter worth about $26,000. DT Investment Partners LLC bought a new position in shares of Workday during the 4th quarter worth about $27,000. LRI Investments LLC bought a new position in shares of Workday during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Workday during the 3rd quarter worth about $30,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WDAY shares. Rosenblatt Securities dropped their price objective on shares of Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Oppenheimer restated an “outperform” rating and set a $165.00 price objective on shares of Workday in a report on Friday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Workday from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. HC Wainwright set a $140.00 price objective on shares of Workday in a report on Wednesday, May 27th. Finally, Summit Redstone set a $275.00 price objective on shares of Workday in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.03.

Insiders Place Their Bets

In other Workday news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the transaction, the chief financial officer directly owned 217,930 shares in the company, valued at $27,942,984.60. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,373 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the completion of the transaction, the insider owned 165,414 shares in the company, valued at approximately $21,406,225.74. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 774,814 shares of company stock valued at $101,308,591 over the last 90 days. Company insiders own 18.64% of the company’s stock.

Workday Stock Performance

NASDAQ WDAY opened at $144.28 on Friday. The stock has a market cap of $35.64 billion, a P/E ratio of 45.09, a PEG ratio of 1.63 and a beta of 1.09. The company’s 50-day simple moving average is $127.25 and its 200 day simple moving average is $163.05. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $257.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 earnings per share. As a group, research analysts forecast that Workday, Inc. will post 5.18 earnings per share for the current fiscal year.

Workday 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.