Sanctuary Advisors LLC Grows Stake in Workday, Inc. (NASDAQ:WDAY)

Sanctuary Advisors LLC raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,633 shares of the software maker's stock after purchasing an additional 1,978 shares during the quarter. Sanctuary Advisors LLC's holdings in Workday were worth $7,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Grafton Street Partners Fund LP bought a new stake in Workday during the third quarter worth $4,424,000. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker's stock worth $7,791,000 after buying an additional 7,802 shares during the last quarter. Legal & General Group Plc grew its position in Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker's stock valued at $384,518,000 after buying an additional 118,180 shares during the period. Atria Investments Inc raised its position in Workday by 19.3% in the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker's stock worth $10,833,000 after acquiring an additional 7,175 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker's stock valued at $86,926,000 after acquiring an additional 282,632 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Trading Down 0.4 %

Workday stock traded down $1.15 during trading on Friday, reaching $273.67. 2,889,102 shares of the company were exchanged, compared to its average volume of 3,602,782. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock's 50 day simple moving average is $253.74 and its two-hundred day simple moving average is $238.90. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a market capitalization of $72.80 billion, a P/E ratio of 45.38, a PEG ratio of 5.04 and a beta of 1.34.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm's revenue was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Workday, Inc. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WDAY shares. Citigroup dropped their price objective on Workday from $274.00 to $270.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their price target on Workday from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 20th. Mizuho increased their target price on shares of Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, JMP Securities reissued a "market outperform" rating and set a $315.00 target price on shares of Workday in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $290.64.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the sale, the insider now owns 505,000 shares of the company's stock, valued at approximately $125,032,950. This represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of Workday stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now owns 8,674 shares of the company's stock, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 361,463 shares of company stock valued at $88,422,088 over the last quarter. Corporate insiders own 20.00% of the company's stock.

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.