67,666 Shares in Workday, Inc. (NASDAQ:WDAY) Purchased by Generate Investment Management Ltd

Generate Investment Management Ltd bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,666 shares of the software maker's stock, valued at approximately $16,538,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Workday by 2.2% in the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker's stock worth $4,029,244,000 after purchasing an additional 324,540 shares during the last quarter. Sustainable Growth Advisers LP grew its position in Workday by 9.7% during the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker's stock valued at $927,998,000 after buying an additional 301,463 shares during the period. Clearbridge Investments LLC increased its holdings in Workday by 12.4% during the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker's stock worth $693,382,000 after buying an additional 281,207 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker's stock valued at $514,637,000 after acquiring an additional 1,016,394 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after acquiring an additional 118,180 shares during the period. 89.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Loop Capital lifted their price target on shares of Workday from $240.00 to $255.00 and gave the stock a "hold" rating in a report on Friday, August 23rd. Stifel Nicolaus upped their price target on Workday from $250.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, August 23rd. Morgan Stanley decreased their price objective on Workday from $325.00 to $315.00 and set an "overweight" rating for the company in a report on Friday, August 23rd. Bank of America upped their price objective on shares of Workday from $265.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, KeyCorp lifted their target price on shares of Workday from $275.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $287.04.

Workday Price Performance

NASDAQ:WDAY traded up $1.22 during midday trading on Friday, hitting $244.48. The company had a trading volume of 955,750 shares, compared to its average volume of 2,148,866. The company has a market capitalization of $64.79 billion, a PE ratio of 44.05, a P/E/G ratio of 4.81 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock's fifty day moving average price is $245.21 and its 200-day moving average price is $238.00.

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

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company's stock, valued at approximately $68,004,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now owns 281,000 shares of the company's stock, valued at approximately $68,004,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the sale, the director now owns 97,500 shares of the company's stock, valued at $25,381,200. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is currently owned by corporate insiders.

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.