Workday, Inc. (NASDAQ:WDAY) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,441 shares of the software maker’s stock after acquiring an additional 307 shares during the quarter. Vinva Investment Management Ltd’s holdings in Workday were worth $902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bristlecone Advisors LLC grew its stake in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after buying an additional 1,978 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after buying an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Workday in the fourth quarter valued at about $369,000. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock valued at $86,926,000 after buying an additional 282,632 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total transaction of $14,879,200.00. Following the sale, the insider now owns 228,000 shares of the company’s stock, valued at $60,579,600. The trade was a 19.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares in the company, valued at $8,789,681.92. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 473,001 shares of company stock valued at $120,614,400 in the last quarter. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent research reports. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered Workday from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $330.00 to $275.00 in a research note on Wednesday, February 19th. Stifel Nicolaus raised their price objective on Workday from $270.00 to $310.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price objective on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price objective on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.36.

Workday Trading Down 0.8 %

Shares of NASDAQ WDAY opened at $250.47 on Friday. The stock’s 50 day simple moving average is $256.76 and its 200 day simple moving average is $255.24. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market cap of $66.63 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Workday Company Profile

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.