Banco Bilbao Vizcaya Argentaria S.A. Raises Stake in Workday, Inc. (NASDAQ:WDAY)

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,385 shares of the software maker's stock after purchasing an additional 2,563 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Workday were worth $5,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Workday during the third quarter worth about $2,289,000. Anchor Investment Management LLC lifted its holdings in shares of Workday by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker's stock worth $1,552,000 after acquiring an additional 368 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Workday during the 3rd quarter worth approximately $4,893,000. Tidal Investments LLC boosted its position in shares of Workday by 43.8% during the 3rd quarter. Tidal Investments LLC now owns 13,546 shares of the software maker's stock worth $3,311,000 after acquiring an additional 4,128 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in Workday by 5.7% in the third quarter. Synovus Financial Corp now owns 19,590 shares of the software maker's stock valued at $4,788,000 after acquiring an additional 1,051 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares of the company's stock, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WDAY shares. Redburn Atlantic started coverage on Workday in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Jefferies Financial Group decreased their target price on Workday from $350.00 to $325.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their target price on shares of Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.86.

Workday Stock Up 0.1 %

Shares of Workday stock traded up $0.29 during trading on Monday, reaching $239.82. 898,471 shares of the company traded hands, compared to its average volume of 2,621,563. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $63.79 billion, a PE ratio of 39.77, a P/E/G ratio of 3.55 and a beta of 1.32. The company has a 50 day moving average price of $240.31 and a 200-day moving average price of $251.89. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.