ANTIPODES PARTNERS Ltd Has $18.35 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

ANTIPODES PARTNERS Ltd reduced its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 82.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,115 shares of the software maker's stock after selling 323,860 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in Workday were worth $18,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Workday in the 4th quarter valued at about $194,679,000. Two Sigma Advisers LP increased its stake in shares of Workday by 1,094.2% in the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock valued at $150,019,000 after acquiring an additional 562,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Workday by 62.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock valued at $350,921,000 after acquiring an additional 524,799 shares during the last quarter. KBC Group NV increased its stake in shares of Workday by 340.3% in the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker's stock valued at $169,199,000 after acquiring an additional 506,812 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Workday by 10.7% in the 3rd quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock valued at $1,218,415,000 after acquiring an additional 480,459 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on WDAY shares. Piper Sandler upped their price target 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 increased their target price on Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their target price on Workday from $270.00 to $310.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. 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. Finally, Canaccord Genuity Group increased their target price on Workday from $300.00 to $330.00 and gave the stock a "buy" 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $302.14.

Workday Stock Performance

Workday stock traded down $4.45 during mid-day trading on Thursday, hitting $237.22. 2,263,750 shares of the company's stock traded hands, compared to its average volume of 2,426,321. The firm has a 50 day simple moving average of $257.09 and a two-hundred day simple moving average of $255.67. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The stock has a market cap of $63.10 billion, a price-to-earnings ratio of 39.34, a P/E/G 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 (NASDAQ:WDAY - Get Free Report) last announced 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 business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the transaction, the insider now owns 228,000 shares in the company, valued at $60,579,600. The trade was a 19.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 435,829 shares of company stock worth $113,033,319 in the last 90 days. Company 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.