Workday, Inc. $WDAY Shares Bought by CenterBook Partners LP

CenterBook Partners LP grew its stake in Workday, Inc. (NASDAQ:WDAY) by 169.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,561 shares of the software maker’s stock after purchasing an additional 16,686 shares during the quarter. CenterBook Partners LP’s holdings in Workday were worth $6,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. acquired a new stake in Workday in the 1st quarter worth about $31,000. Golden State Wealth Management LLC lifted its position in shares of Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Workday in the second quarter worth approximately $42,000. Geneos Wealth Management Inc. boosted its stake in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Workday during the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WDAY shares. UBS Group set a $304.00 price objective on Workday in a report on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Zacks Research lowered shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Cowen restated a “buy” rating on shares of Workday in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $287.86.

Insider Buying and Selling

In other news, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the transaction, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. This represents a 18.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 1,915 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the transaction, the chief accounting officer owned 37,351 shares of the company’s stock, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is currently owned by company insiders.

Workday Stock Performance

Workday stock opened at $225.14 on Friday. The firm has a 50 day simple moving average of $233.97 and a 200-day simple moving average of $237.18. The stock has a market cap of $60.11 billion, a price-to-earnings ratio of 104.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 EPS. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

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.