UniSuper Management Pty Ltd Raises Stock Position in Workday, Inc. (NASDAQ:WDAY)

UniSuper Management Pty Ltd raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,542 shares of the software maker's stock after acquiring an additional 37,442 shares during the quarter. UniSuper Management Pty Ltd's holdings in Workday were worth $23,879,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. Parnassus Investments LLC lifted its position in shares of Workday by 562.2% in the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock worth $631,589,000 after buying an additional 2,078,097 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Workday in the fourth quarter worth about $194,679,000. Two Sigma Advisers LP boosted its stake in Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker's stock valued at $150,019,000 after buying an additional 562,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Workday by 62.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,002 shares of the software maker's stock valued at $350,921,000 after buying an additional 524,799 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the transaction, the chief accounting officer now owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Wayne A.I. Frederick sold 1,829 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the transaction, the director now directly owns 6,845 shares in the company, valued at approximately $1,732,401.05. The trade was a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,145 shares of company stock valued at $108,631,438 in the last three months. 20.00% of the stock is owned by insiders.

Workday Stock Down 2.6 %

Shares of WDAY traded down $6.28 during midday trading on Monday, hitting $232.21. 1,368,419 shares of the company's stock traded hands, compared to its average volume of 2,188,857. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The firm's fifty day moving average is $256.67 and its 200-day moving average is $254.82.

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 analysts' consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on WDAY shares. Loop Capital lifted their price objective on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, February 19th. Guggenheim reiterated a "neutral" rating on shares of Workday in a research report on Wednesday, February 26th. JMP Securities restated a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Workday in a research report on Monday, March 24th. Finally, Mizuho lifted their price target on Workday from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average price target of $300.18.

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.