Workday, Inc. (NASDAQ:WDAY) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 180.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,158,549 shares of the software maker's stock after acquiring an additional 745,435 shares during the period. CIBC Private Wealth Group LLC owned about 0.44% of Workday worth $295,071,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Bristlecone Advisors LLC increased its position in shares of Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after buying an additional 968 shares during the period. Sanctuary Advisors LLC raised its position in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after buying an additional 1,978 shares in the last quarter. Nordea Investment Management AB boosted its stake in Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after buying an additional 119,769 shares during the period. Burns Matteson Capital Management LLC bought a new stake in shares of Workday during the 4th quarter valued at about $369,000. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Workday by 387.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker's stock worth $86,926,000 after purchasing an additional 282,632 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 71,672 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $248.58, for a total transaction of $17,816,225.76. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $25,602,994.26. This trade represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total transaction of $1,586,625.00. Following the transaction, the chief executive officer now owns 13,972 shares of the company's stock, valued at $3,546,931.92. This represents a 30.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 429,316 shares of company stock worth $108,168,536. Insiders own 20.00% of the company's stock.

Workday Stock Down 1.7 %

NASDAQ WDAY traded down $4.10 on Thursday, reaching $231.29. 1,506,996 shares of the stock traded hands, compared to its average volume of 2,527,706. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The company has a fifty day moving average price of $255.66 and a 200-day moving average price of $254.45. The company has a market cap of $61.52 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY - Get Free Report) last issued 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). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. As a group, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Workday from $330.00 to $360.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Scotiabank lowered their price target on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. BNP Paribas raised shares of Workday to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $300.00 price target on shares of Workday in a report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $300.18.

Workday 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.