LTS One Management LP Invests $14.55 Million in Workday, Inc. (NASDAQ:WDAY)

LTS One Management LP bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,375 shares of the software maker's stock, valued at approximately $14,546,000. Workday comprises 4.1% of LTS One Management LP's investment portfolio, making the stock its 14th largest position.

Other hedge funds also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in Workday in the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in shares of Workday during the fourth quarter worth about $26,000. Avion Wealth lifted its holdings in shares of Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after purchasing an additional 86 shares in the last quarter. TCTC Holdings LLC bought a new stake in shares of Workday during the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Price Performance

NASDAQ:WDAY traded down $6.69 during trading hours on Friday, reaching $221.02. The stock had a trading volume of 1,894,875 shares, compared to its average volume of 2,614,756. 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 stock has a market capitalization of $58.79 billion, a PE ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The company has a 50 day moving average price of $244.84 and a two-hundred day moving average price of $252.32.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 81,275 shares of the 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 sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. This represents a 44.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 497 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the transaction, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WDAY has been the topic of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and set a $315.00 target price on shares of Workday in a report on Thursday, February 6th. DA Davidson reduced their price target on Workday from $270.00 to $230.00 and set a "neutral" rating on the stock in a report on Monday. Mizuho lowered their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday. StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Loop Capital increased their price target on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $296.25.

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.