Ownership Capital B.V. Sells 263,000 Shares of Workday, Inc. (NASDAQ:WDAY)

Ownership Capital B.V. lessened its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 808,568 shares of the software maker's stock after selling 263,000 shares during the period. Workday comprises 6.3% of Ownership Capital B.V.'s investment portfolio, making the stock its 4th biggest holding. Ownership Capital B.V. owned 0.31% of Workday worth $197,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Workday in the third quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in shares of Workday in the first quarter valued at $27,000. SouthState Corp grew its holdings in shares of Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker's stock worth $34,000 after purchasing an additional 129 shares during the last quarter. Goodman Advisory Group LLC bought a new position in shares of Workday in the second quarter worth about $35,000. Finally, Asset Dedication LLC purchased a new position in Workday during the 2nd quarter valued at about $36,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on WDAY. Wells Fargo & Company lifted their price objective on shares of Workday from $260.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, August 20th. BMO Capital Markets reissued an "outperform" rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 18th. Morgan Stanley dropped their target price on Workday from $325.00 to $315.00 and set an "overweight" rating on the stock in a research report on Friday, August 23rd. Finally, DA Davidson upped their price target on Workday from $255.00 to $270.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $287.04.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares in the company, valued at $68,004,810. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction 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 sale, the insider now owns 102,997 shares of the company's stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company's stock, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 370,575 shares of company stock valued at $91,506,897. Corporate insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of WDAY stock traded down $1.44 during trading hours on Friday, reaching $256.54. 1,729,654 shares of the company's stock were exchanged, compared to its average volume of 1,440,019. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28. The company has a market cap of $67.98 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 5.09 and a beta of 1.35. The company's 50 day moving average is $245.75 and its two-hundred day moving average is $235.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results 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. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company's revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that Workday, Inc. will post 2.4 EPS 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.