Workday, Inc. (NASDAQ:WDAY) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 30.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,609 shares of the software maker's stock after buying an additional 1,300 shares during the period. TD Waterhouse Canada Inc.'s holdings in Workday were worth $1,447,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in Workday during the 4th quarter valued at approximately $26,000. Avion Wealth raised its position in shares of Workday by 452.6% during the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the last quarter. TCTC Holdings LLC purchased a new position in shares of Workday in the fourth quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its position in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the transaction, the insider now owns 102,997 shares in the company, valued at approximately $22,111,395.96. The trade was a 44.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock valued at $77,976,126 over the last 90 days. Corporate insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of WDAY stock traded up $0.29 during trading hours on Monday, hitting $239.82. The company's stock had a trading volume of 898,471 shares, compared to its average volume of 2,621,563. The stock has a market cap of $63.79 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a 50 day moving average of $240.73 and a 200 day moving average of $251.90. 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 (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer increased their price target on Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Citigroup reduced their price objective on Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Loop Capital increased their target price on Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets boosted their price target on shares of Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $292.86.

Workday Company 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.