Baillie Gifford & Co. Purchases 11,251 Shares of Workday, Inc. (NASDAQ:WDAY)

Baillie Gifford & Co. grew its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,573,616 shares of the software maker's stock after buying an additional 11,251 shares during the quarter. Workday accounts for 1.2% of Baillie Gifford & Co.'s investment portfolio, making the stock its 21st biggest position. Baillie Gifford & Co. owned 2.48% of Workday worth $1,606,657,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in Workday by 149.6% in the first quarter. Empowered Funds LLC now owns 6,995 shares of the software maker's stock worth $1,908,000 after purchasing an additional 4,193 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Workday by 14.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,087 shares of the software maker's stock worth $842,000 after purchasing an additional 383 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Workday during the 1st quarter worth about $240,000. Concurrent Investment Advisors LLC grew its holdings in Workday by 60.7% during the first quarter. Concurrent Investment Advisors LLC now owns 1,501 shares of the software maker's stock worth $409,000 after acquiring an additional 567 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Workday by 23.6% during the 1st quarter. QRG Capital Management Inc. now owns 5,926 shares of the software maker's stock worth $1,616,000 after buying an additional 1,132 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Up 1.6 %

Shares of NASDAQ:WDAY traded up $4.31 during trading on Tuesday, reaching $268.46. The stock had a trading volume of 1,239,844 shares, compared to its average volume of 2,096,399. The firm's 50-day simple moving average is $245.77 and its 200 day simple moving average is $235.86. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $71.14 billion, a P/E ratio of 46.02, a PEG ratio of 5.09 and a beta of 1.35. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, research analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WDAY. Morgan Stanley cut their price objective on Workday from $325.00 to $315.00 and set an "overweight" rating for the company in a research report on Friday, August 23rd. Evercore ISI dropped their price target on Workday from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft upped their target price on Workday from $265.00 to $275.00 and gave the company a "hold" rating in a research note on Friday, August 23rd. Needham & Company LLC decreased their price objective on shares of Workday from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $300.00 price objective on shares of Workday in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat.com, Workday has an average rating of "Moderate Buy" and an average target price of $287.04.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company's stock, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Workday news, Director Wayne A.I. Frederick sold 1,828 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares of the company's stock, valued at approximately $2,097,806.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company's stock, valued at $68,004,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 over the last quarter. 20.00% of the stock is currently owned by insiders.

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.