Capula Management Ltd Trims Stock Position in Workday, Inc. (NASDAQ:WDAY)

Capula Management Ltd reduced its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 74.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,629 shares of the software maker's stock after selling 10,644 shares during the period. Capula Management Ltd's holdings in Workday were worth $936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Workday by 28.9% during the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. Norges Bank purchased a new position in shares of Workday during the fourth quarter worth about $645,710,000. Parnassus Investments LLC increased its position in shares of Workday by 562.2% during the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after purchasing an additional 2,078,097 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Workday by 61.9% in the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after purchasing an additional 1,772,223 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Workday by 102.6% in the 4th quarter. Invesco Ltd. now owns 1,855,778 shares of the software maker's stock valued at $478,846,000 after purchasing an additional 939,955 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

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Workday Price Performance

WDAY traded up $1.77 during trading on Friday, reaching $226.51. 2,203,615 shares of the stock were exchanged, compared to its average volume of 2,612,317. 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 company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The business's 50 day moving average price is $248.47 and its two-hundred day moving average price is $252.86.

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 analysts' expectations of $2.18 billion. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

WDAY has been the topic of several research analyst reports. Royal Bank of Canada lifted their price target on Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Morgan Stanley downgraded shares of 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 research report on Wednesday, February 19th. The Goldman Sachs Group raised their price objective on shares of Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Scotiabank lowered their price target on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $300.18.

Insider Activity

In related news, insider Sayan Chakraborty sold 6,056 shares of Workday stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 377,699 shares of company stock worth $91,780,220 over the last ninety days. 20.00% of the stock is currently owned by insiders.

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.