Workday, Inc. (NASDAQ:WDAY) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,185 shares of the software maker’s stock after selling 922 shares during the quarter. Machina Capital S.A.S.’s holdings in Workday were worth $306,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bristlecone Advisors LLC lifted 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 worth $754,000 after acquiring an additional 968 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Workday by 7.2% during 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. Grafton Street Partners Fund LP acquired a new stake in Workday during the third quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd raised its stake in Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after buying an additional 7,802 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Workday by 20.5% during 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. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,729,781.44. This represents a 39.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Harry Sauer sold 3,677 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $251.90, for a total value of $926,236.30. Following the sale, the insider now owns 79,576 shares of the company’s stock, valued at $20,045,194.40. This trade represents a 4.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 435,829 shares of company stock worth $113,033,319 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WDAY. Piper Sandler upped their price objective on Workday from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their price objective on Workday from $330.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Scotiabank upped their price objective on Workday from $340.00 to $355.00 and gave the company a “sector outperform” rating in a research note on Thursday, February 27th. Guggenheim restated a “neutral” rating on shares of Workday in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group upped 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 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.14.

Workday Stock Performance

WDAY opened at $252.38 on Monday. The company has a market capitalization of $67.13 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The business has a 50 day moving average price of $258.39 and a two-hundred day moving average price of $255.93.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion during 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%. Research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal 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.