Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Versor Investments LP

Versor Investments LP increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 90.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,902 shares of the software maker’s stock after acquiring an additional 902 shares during the quarter. Versor Investments LP’s holdings in Workday were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Two Sigma Advisers LP increased its position in shares of Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after purchasing an additional 562,400 shares in the last quarter. KBC Group NV increased its position in Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after buying an additional 506,812 shares during the period. Janus Henderson Group PLC increased its position in Workday by 10.7% during the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares during the period. Principal Financial Group Inc. lifted its stake in Workday by 2,166.1% in the fourth quarter. Principal Financial Group Inc. now owns 403,224 shares of the software maker’s stock valued at $104,044,000 after buying an additional 385,430 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Workday by 28.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,465,917 shares of the software maker’s stock valued at $378,250,000 after acquiring an additional 326,251 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Performance

Shares of WDAY stock opened at $263.34 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market cap of $70.05 billion, a PE ratio of 43.67, a P/E/G ratio of 3.55 and a beta of 1.35. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock has a fifty day moving average price of $259.69 and a 200 day moving average price of $254.92.

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

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent research reports. Oppenheimer lifted their target price on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group lifted their price objective on shares of Workday from $255.00 to $285.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley downgraded shares of Workday from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $330.00 to $275.00 in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Workday from a “hold” rating to a “buy” rating and boosted their price target for the company from $265.00 to $300.00 in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price objective on Workday from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average target price of $302.14.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of Workday stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total value of $15,692,670.00. Following the sale, the insider now owns 284,000 shares of the company’s stock, valued at approximately $78,188,040. This represents a 16.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 433,321 shares of company stock valued at $111,763,803 over the last quarter. Corporate insiders own 20.00% of the company’s stock.

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.