Workday, Inc. (NASDAQ:WDAY) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 45.1% during the fourth quarter, HoldingsChannel reports. The firm owned 305,610 shares of the software maker’s stock after buying an additional 94,970 shares during the period. National Bank of Canada FI’s holdings in Workday were worth $82,005,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC grew its position in Workday by 333.3% in the 4th quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock valued at $25,000 after buying an additional 70 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Workday during the fourth quarter worth about $33,000. VisionPoint Advisory Group LLC lifted its position in Workday by 215.4% in the third quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the period. Finally, Clear Street Markets LLC purchased a new stake in Workday in the 3rd quarter valued at approximately $29,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 2.0 %

Shares of NASDAQ:WDAY traded up $4.93 during trading on Friday, reaching $255.78. 3,072,637 shares of the stock were exchanged, compared to its average volume of 1,740,171. Workday, Inc. has a 12-month low of $174.25 and a 12-month high of $311.28. The firm’s 50-day moving average price is $268.07 and its 200 day moving average price is $265.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $67.53 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, sell-side analysts anticipate that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 64,329 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at $223,302,270. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now owns 102,997 shares in the company, valued at $27,690,743.45. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 over the last three months. 21.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

WDAY has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. KeyCorp increased their price target on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. DA Davidson restated a “neutral” rating and set a $300.00 target price on shares of Workday in a research report on Tuesday, February 27th. Barclays dropped their price objective on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Finally, Citigroup boosted their price objective on shares of Workday from $270.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $293.61.

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.