Kornitzer Capital Management Inc. KS Has $11.11 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Kornitzer Capital Management Inc. KS grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,053 shares of the software maker's stock after purchasing an additional 3,350 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Workday were worth $11,109,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bristlecone Advisors LLC raised its stake in Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock worth $754,000 after acquiring an additional 968 shares during the period. Sanctuary Advisors LLC raised its position in shares of Workday by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker's stock worth $7,934,000 after purchasing an additional 1,978 shares during the period. Grafton Street Partners Fund LP bought a new stake in shares of Workday in the 3rd quarter worth approximately $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock worth $7,791,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Workday by 20.5% during the 4th quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker's stock valued at $182,753,000 after purchasing an additional 119,769 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WDAY. BNP Paribas raised Workday to a "strong-buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their price objective on shares of Workday from $300.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Redburn Atlantic assumed coverage on shares of Workday in a research note on Wednesday. They set a "neutral" rating for the company. StockNews.com lowered shares of Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Scotiabank assumed coverage on Workday in a research report on Monday, November 18th. They set a "sector outperform" rating and a $340.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $291.11.

Insider Activity

In other news, insider Sayan Chakraborty sold 5,498 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the sale, the insider now directly owns 121,100 shares of the company's stock, valued at $30,369,458. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now directly owns 6,845 shares in the company, valued at $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 over the last 90 days. 20.00% of the stock is owned by company insiders.

Workday Price Performance

Shares of NASDAQ WDAY traded down $5.24 during mid-day trading on Friday, reaching $256.39. The company had a trading volume of 2,415,239 shares, compared to its average volume of 2,092,095. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The stock has a market cap of $68.20 billion, a PE ratio of 42.52, a P/E/G ratio of 3.56 and a beta of 1.35. 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 company has a 50-day moving average price of $260.75 and a two-hundred day moving average price of $252.87.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.