Schroder Investment Management Group Has $7.66 Million Holdings in Workday, Inc. (NASDAQ:WDAY)

Schroder Investment Management Group lowered its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,680 shares of the software maker's stock after selling 1,615 shares during the period. Schroder Investment Management Group's holdings in Workday were worth $7,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Roxbury Financial LLC acquired a new stake in shares of Workday in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in Workday during the 4th quarter valued at $26,000. Avion Wealth lifted its holdings in Workday by 452.6% in the fourth quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the period. TCTC Holdings LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. lifted its position in Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after purchasing an additional 66 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total transaction of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares of the company's stock, valued at approximately $8,789,681.92. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now owns 60,000 shares of the company's stock, valued at $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 296,424 shares of company stock worth $74,332,103 over the last three months. Company insiders own 20.00% of the company's stock.

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Workday Stock Performance

NASDAQ WDAY traded up $20.95 during trading on Wednesday, hitting $231.42. The company's stock had a trading volume of 4,768,211 shares, compared to its average volume of 2,597,968. The firm has a 50 day moving average price of $249.84 and a 200 day moving average price of $253.08. The firm has a market cap of $61.56 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 3.55 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on WDAY shares. Citigroup dropped their price target on shares of Workday from $287.00 to $270.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group raised their target price on shares of Workday from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BMO Capital Markets upped their price target on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Morgan Stanley cut Workday from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $315.00 target price on shares of Workday in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $300.18.

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.