National Bank of Canada FI Grows Stake in Workday, Inc. (NASDAQ:WDAY)

National Bank of Canada FI grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 161.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,926 shares of the software maker’s stock after buying an additional 87,082 shares during the period. National Bank of Canada FI owned 0.05% of Workday worth $36,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bristlecone Advisors LLC raised its position in shares of Workday by 49.6% in the 4th quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock worth $754,000 after acquiring an additional 968 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after purchasing an additional 1,978 shares during the period. Nordea Investment Management AB raised its holdings in Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after purchasing an additional 119,769 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in Workday during the fourth quarter valued at $369,000. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Workday by 387.0% during the 3rd 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. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the completion of the transaction, the chief executive officer now directly owns 13,972 shares in the company, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 429,316 shares of company stock valued at $108,168,536. Company insiders own 20.00% of the company’s stock.

Workday Stock Performance

WDAY opened at $235.39 on Thursday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a market cap of $62.61 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 3.55 and a beta of 1.38. 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’s 50 day moving average is $255.66 and its 200 day moving average is $254.45.

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

Analyst Ratings Changes

WDAY has been the subject of a number of recent research reports. Morgan Stanley cut shares of Workday from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $275.00 in a research report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and set a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Wells Fargo & Company upped their price target on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted 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. Finally, JPMorgan Chase & Co. increased their target price on Workday from $285.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $300.18.

Workday 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.