FIL Ltd Increases Stake in Workday, Inc. (NASDAQ:WDAY)

FIL Ltd raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,963,124 shares of the software maker's stock after purchasing an additional 181,899 shares during the quarter. FIL Ltd owned approximately 1.11% of Workday worth $764,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of WDAY. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock valued at $1,193,105,000 after acquiring an additional 1,772,223 shares during the period. Clearbridge Investments LLC grew its stake in Workday by 5.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker's stock valued at $687,237,000 after acquiring an additional 136,211 shares in the last quarter. Norges Bank purchased a new stake in Workday in the 4th quarter worth approximately $645,710,000. Finally, Parnassus Investments LLC boosted its holdings in Workday by 562.2% in the 4th quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock valued at $631,589,000 after purchasing an additional 2,078,097 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Workday Trading Up 0.8 %

Shares of WDAY stock traded up $1.77 during trading hours on Friday, reaching $226.51. The company's stock had a trading volume of 2,203,615 shares, compared to its average volume of 2,612,317. 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 has a market capitalization of $60.25 billion, a P/E ratio of 37.56, a P/E/G ratio of 3.55 and a beta of 1.32. The firm's fifty day simple moving average is $248.47 and its 200 day simple moving average is $252.86. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00.

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). The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 377,699 shares of company stock valued at $91,780,220. 20.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Redburn Atlantic began coverage on Workday in a research report on Wednesday, February 19th. They issued a "neutral" rating on the stock. BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. The Goldman Sachs Group upped 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. Citigroup lowered their target price on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Workday from a "hold" rating to a "buy" rating and boosted their price target for the stock from $265.00 to $300.00 in a research note on Wednesday, January 8th. 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.