National Bank of Canada FI Increases Holdings in Workday, Inc. (NASDAQ:WDAY)

National Bank of Canada FI raised its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 161.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 140,926 shares of the software maker's stock after purchasing an additional 87,082 shares during the period. National Bank of Canada FI owned 0.05% of Workday worth $36,365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simplicity Wealth LLC lifted its position in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock worth $330,000 after buying an additional 37 shares in the last quarter. Marcum Wealth LLC raised its holdings in shares of Workday by 4.4% during the 4th quarter. Marcum Wealth LLC now owns 966 shares of the software maker's stock worth $249,000 after acquiring an additional 41 shares during the period. Custom Index Systems LLC boosted its position in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after acquiring an additional 41 shares during the last quarter. AllSquare Wealth Management LLC grew its holdings in shares of Workday by 19.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares during the period. Finally, Ashton Thomas Securities LLC increased its position in Workday by 3.2% during the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

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Workday Stock Performance

Shares of Workday stock traded down $3.06 on Monday, hitting $214.08. The stock had a trading volume of 2,252,153 shares, compared to its average volume of 2,564,033. The company's 50 day moving average price is $254.30 and its 200 day moving average price is $254.12. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 3.55 and a beta of 1.32. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 70,090 shares of Workday stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $26,215,826.41. This trade represents a 40.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the completion of the transaction, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 370,191 shares of company stock worth $93,098,347. 20.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Workday from a "hold" rating to a "buy" rating and increased their price target for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Monday, March 24th. Redburn Atlantic initiated coverage on Workday in a report on Wednesday, February 19th. They set a "neutral" rating for the company. BNP Paribas raised Workday to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Piper Sandler upped their target price on shares of Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus target price of $300.18.

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.