Workday, Inc. $WDAY Stock: Vise Technologies Inc. Grows Position

Vise Technologies Inc. raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,165 shares of the software maker’s stock after buying an additional 3,505 shares during the quarter. Vise Technologies Inc.’s holdings in Workday were worth $2,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Lakehouse Capital Pty Ltd raised its position in shares of Workday by 77.9% in the 3rd quarter. Lakehouse Capital Pty Ltd now owns 43,773 shares of the software maker’s stock worth $8,337,000 after buying an additional 19,174 shares during the period. Plato Investment Management Ltd acquired a new position in Workday in the second quarter valued at $1,115,000. S&CO Inc. purchased a new stake in Workday during the second quarter valued at about $2,284,000. Sapient Capital LLC purchased a new stake in Workday during the second quarter valued at about $13,045,000. Finally, Bank Pictet & Cie Europe AG grew its position in Workday by 8.1% during the third quarter. Bank Pictet & Cie Europe AG now owns 77,362 shares of the software maker’s stock valued at $14,734,000 after acquiring an additional 5,811 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, CAO Mark S. Garfield sold 918 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $189.45, for a total transaction of $173,915.10. Following the sale, the chief accounting officer directly owned 69,309 shares in the company, valued at approximately $13,130,590.05. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder David A. Duffield sold 99,835 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $187.55, for a total value of $18,724,054.25. Following the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $19,701,939.95. The trade was a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 988,104 shares of company stock valued at $188,811,574 over the last quarter. 18.64% of the stock is owned by company insiders.

Workday Stock Down 0.8%

NASDAQ:WDAY opened at $200.17 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02. Workday, Inc. has a one year low of $110.36 and a one year high of $236.80. The stock has a 50-day simple moving average of $194.34 and a 200 day simple moving average of $156.43.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. Sell-side analysts predict that Workday, Inc. will post 5.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WDAY shares. Wells Fargo & Company lifted their price objective on Workday from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, August 28th. Monness Crespi & Hardt increased their target price on shares of Workday from $202.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. BTIG Research restated a “neutral” rating on shares of Workday in a report on Friday, October 16th. Mizuho set a $210.00 price target on shares of Workday in a report on Wednesday, October 14th. Finally, Evercore lifted their price target on shares of Workday from $160.00 to $215.00 in a research report on Thursday, October 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Workday currently has an average rating of “Hold” and an average target price of $202.10.

Workday Company Profile

Workday, Inc is an enterprise software company that provides cloud-based applications for managing human resources, finance and business operations. Its platform is designed to help organizations manage workforce information, accounting, financial reporting, procurement, expenses and other core business processes through a unified software environment.

The company’s products include human capital management, financial management, financial planning, spend management, payroll, recruiting, talent management, workforce planning, analytics and reporting solutions.