Capital World Investors Buys 4,394 Shares of Workday, Inc. (NASDAQ:WDAY)

Capital World Investors boosted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 355,364 shares of the software maker's stock after acquiring an additional 4,394 shares during the period. Capital World Investors owned approximately 0.13% of Workday worth $91,695,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in shares of Workday in the 4th quarter valued at $26,000. Avion Wealth boosted its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC acquired a new stake in shares of Workday during the 4th quarter valued at $35,000. Finally, Rakuten Securities Inc. grew its holdings in Workday by 78.6% during the 4th quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. JMP Securities reissued a "market outperform" rating and set a $315.00 target price on shares of Workday in a research note on Thursday, February 6th. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. Morgan Stanley dropped their target price on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Finally, Redburn Atlantic started coverage on shares of Workday in a research report on Wednesday, February 19th. They set a "neutral" rating on the stock. Ten investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus price target of $292.86.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at approximately $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 321,724 shares of company stock worth $77,976,126. Company insiders own 20.00% of the company's stock.

Workday Stock Up 1.1 %

Workday stock traded up $2.66 during mid-day trading on Friday, hitting $239.53. The company had a trading volume of 1,103,340 shares, compared to its average volume of 2,628,166. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $240.73 and its two-hundred day moving average price is $251.77. The company has a market capitalization of $63.71 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. As a group, sell-side analysts anticipate 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.