Loomis Sayles & Co. L P lessened its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,104,947 shares of the software maker's stock after selling 73,988 shares during the period. Loomis Sayles & Co. L P owned about 0.79% of Workday worth $543,139,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in WDAY. Vanguard Group Inc. lifted its position in Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock valued at $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker's stock worth $1,218,415,000 after purchasing an additional 480,459 shares during the last quarter. State Street Corp lifted its holdings in shares of Workday by 1.4% during the third quarter. State Street Corp now owns 4,842,729 shares of the software maker's stock valued at $1,183,611,000 after purchasing an additional 67,380 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Workday by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,865,164 shares of the software maker's stock valued at $698,285,000 after buying an additional 76,618 shares during the last quarter. Finally, Parnassus Investments LLC increased its holdings in Workday by 562.2% in the 4th 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. Hedge funds and other institutional investors own 89.81% of the company's stock.
Insider Buying and Selling
In other news, Director Wayne A.I. Frederick sold 1,829 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares of the company's stock, valued at $1,732,401.05. This trade represents a 21.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 431,145 shares of company stock valued at $108,631,438 over the last quarter. 20.00% of the stock is owned by corporate insiders.
Workday Trading Down 2.8 %
Shares of NASDAQ WDAY traded down $6.64 during trading hours on Monday, hitting $231.85. 1,368,419 shares of the company traded hands, compared to its average volume of 2,188,857. The stock has a market capitalization of $61.67 billion, a price-to-earnings ratio of 38.51, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38. The company's 50 day moving average price is $256.67 and its 200 day moving average price is $254.82. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. 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 earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.18 billion. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on WDAY shares. Guggenheim restated a "neutral" rating on shares of Workday in a research note on Wednesday, February 26th. Wells Fargo & Company increased their price objective on shares of Workday from $330.00 to $360.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group lifted their price objective on Workday from $310.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Oppenheimer boosted their price objective on shares of Workday from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets lifted their target price on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $300.18.
Check Out Our Latest Analysis on WDAY
About Workday
(
Free Report)
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.
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