AustralianSuper Pty Ltd Buys 1,857 Shares of Workday, Inc. (NASDAQ:WDAY)

AustralianSuper Pty Ltd raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 35.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,068 shares of the software maker's stock after purchasing an additional 1,857 shares during the period. AustralianSuper Pty Ltd's holdings in Workday were worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. Crews Bank & Trust bought a new position in shares of Workday in the 4th quarter worth approximately $26,000. Avion Wealth lifted its position in Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the period. Capital Performance Advisors LLP purchased a new position in Workday during the third quarter valued at $26,000. Meeder Asset Management Inc. grew its position in shares of Workday by 42.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Workday by 4,766.7% in the 3rd quarter. True Wealth Design LLC now owns 146 shares of the software maker's stock worth $36,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Performance

WDAY stock traded down $4.62 during midday trading on Wednesday, reaching $261.10. 2,855,288 shares of the company's stock traded hands, compared to its average volume of 2,084,576. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a market cap of $69.45 billion, a P/E ratio of 43.30, a PEG ratio of 3.51 and a beta of 1.35. The stock's 50-day moving average is $261.59 and its 200 day moving average is $252.41.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. As a group, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 70,003 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $251.20, for a total value of $17,584,753.60. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $25,872,846.40. This represents a 40.46 % 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, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 in the last ninety days. Corporate insiders own 20.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WDAY shares. JMP Securities reissued a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, February 6th. Barclays dropped their price target on Workday from $314.00 to $305.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Guggenheim raised Workday from a "sell" rating to a "neutral" rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Workday from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Morgan Stanley downgraded Workday from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $330.00 to $275.00 in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $291.11.

About Workday

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.