Canada Post Corp Registered Pension Plan Purchases New Position in Workday, Inc. (NASDAQ:WDAY)

Canada Post Corp Registered Pension Plan bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,450 shares of the software maker's stock, valued at approximately $890,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDAY. XTX Topco Ltd bought a new stake in shares of Workday in the 4th quarter worth approximately $618,000. CreativeOne Wealth LLC increased its holdings in shares of Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock valued at $745,000 after buying an additional 43 shares in the last quarter. Mariner LLC increased its holdings in shares of Workday by 4.7% in the fourth quarter. Mariner LLC now owns 34,785 shares of the software maker's stock valued at $8,976,000 after buying an additional 1,559 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in shares of Workday during the 4th quarter valued at $830,000. Finally, Summit Investment Advisors Inc. boosted its stake in shares of Workday by 38.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,852 shares of the software maker's stock worth $2,284,000 after acquiring an additional 2,443 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. This trade represents a 44.11 % 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, CAO Mark S. Garfield sold 497 shares of the business's stock in a transaction dated 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 owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is owned by company insiders.

Workday Stock Performance

WDAY traded down $6.69 during trading on Friday, hitting $221.02. The stock had a trading volume of 1,894,875 shares, compared to its average volume of 2,624,526. 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 12 month low of $199.81 and a 12 month high of $294.00. The company has a 50 day simple moving average of $244.00 and a 200-day simple moving average of $252.36. The firm has a market cap of $58.79 billion, a PE ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share 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 return on equity of 6.13% and a net margin of 19.86%. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Canaccord Genuity Group upped their price objective on shares of Workday from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Oppenheimer raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a "hold" rating to a "buy" rating and boosted their price target for the company from $265.00 to $300.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $296.25.

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.