HMI Capital Management L.P. Acquires 69,050 Shares of Workday, Inc. (NASDAQ:WDAY)

HMI Capital Management L.P. boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 747,085 shares of the software maker's stock after buying an additional 69,050 shares during the quarter. Workday makes up about 9.7% of HMI Capital Management L.P.'s holdings, making the stock its 7th largest position. HMI Capital Management L.P. owned 0.28% of Workday worth $192,770,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Workday during the third quarter worth about $2,289,000. Anchor Investment Management LLC grew its holdings in shares of Workday by 6.1% during the third quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker's stock worth $1,552,000 after purchasing an additional 368 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Workday during the third quarter worth about $4,893,000. Tidal Investments LLC grew its holdings in shares of Workday by 43.8% during the third quarter. Tidal Investments LLC now owns 13,546 shares of the software maker's stock worth $3,311,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Workday by 5.7% during the third quarter. Synovus Financial Corp now owns 19,590 shares of the software maker's stock worth $4,788,000 after purchasing an additional 1,051 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Price Performance

Workday stock traded up $0.29 during trading hours on Monday, hitting $239.82. The stock had a trading volume of 898,471 shares, compared to its average volume of 2,621,563. 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 has a market capitalization of $63.79 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The stock's fifty day moving average is $240.73 and its two-hundred day moving average is $251.90.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 19.86% and a return on equity of 6.13%. As a group, analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

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

Analyst Ratings Changes

Several equities analysts have issued reports on WDAY shares. Redburn Atlantic started coverage on Workday in a report on Wednesday, February 19th. They set a "neutral" rating on the stock. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. UBS Group raised their price target on Workday from $255.00 to $285.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their price target on Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.