Landscape Capital Management L.L.C. Has $2.93 Million Position in Workday, Inc. (NASDAQ:WDAY)

Landscape Capital Management L.L.C. cut its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 45.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,969 shares of the software maker's stock after selling 10,122 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Workday were worth $2,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Workday by 79.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker's stock worth $514,637,000 after purchasing an additional 1,016,394 shares in the last quarter. Van ECK Associates Corp boosted its stake in Workday by 17,345.2% during the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker's stock worth $208,068,000 after buying an additional 925,366 shares in the last quarter. D1 Capital Partners L.P. increased its holdings in Workday by 152.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker's stock valued at $115,804,000 after buying an additional 312,500 shares during the period. Lindbrook Capital LLC raised its stake in shares of Workday by 17,001.6% in the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker's stock valued at $703,000 after buying an additional 284,266 shares in the last quarter. Finally, Rokos Capital Management LLP lifted its holdings in shares of Workday by 332.4% during the 1st quarter. Rokos Capital Management LLP now owns 332,986 shares of the software maker's stock worth $90,839,000 after acquiring an additional 255,971 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 66,492 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company's stock, valued at $26,902,816.40. This trade represents a 39.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the completion of the sale, the director now directly owns 8,674 shares in the company, valued at approximately $2,097,806.90. This represents a 17.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 370,575 shares of company stock worth $91,506,897. Corporate insiders own 20.00% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the subject of several recent research reports. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research report on Thursday, September 19th. Loop Capital upped their price target on Workday from $255.00 to $270.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Piper Sandler reiterated an "overweight" rating and set a $285.00 price objective on shares of Workday in a research note on Wednesday, September 18th. Evercore ISI lowered their target price on shares of Workday from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $289.46.

Workday Trading Down 0.2 %

NASDAQ:WDAY opened at $259.44 on Thursday. The business's 50-day simple moving average is $247.02 and its 200-day simple moving average is $236.73. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $68.75 billion, a PE ratio of 45.20, a price-to-earnings-growth ratio of 5.16 and a beta of 1.35.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm's revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Sell-side analysts expect that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

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.

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