Workday, Inc. (NASDAQ:WDAY) is Ownership Capital B.V.'s 4th Largest Position

Ownership Capital B.V. lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 754,242 shares of the software maker's stock after selling 54,326 shares during the period. Workday accounts for 7.2% of Ownership Capital B.V.'s holdings, making the stock its 4th biggest holding. Ownership Capital B.V. owned about 0.28% of Workday worth $194,617,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in WDAY. Roxbury Financial LLC acquired a new stake in Workday during the 4th quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Workday during the 3rd quarter valued at about $26,000. Crews Bank & Trust acquired a new stake in Workday during the fourth quarter worth approximately $26,000. Avion Wealth lifted its stake in Workday by 452.6% in 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 period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker's stock worth $35,000 after buying an additional 43 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction on Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at $3,546,931.92. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 56,000 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock valued at $113,142,592 over the last ninety days. 20.00% of the stock is owned by insiders.

Workday Trading Down 1.5 %

Shares of Workday stock traded down $4.05 on Friday, hitting $257.58. The stock had a trading volume of 1,284,761 shares, compared to its average volume of 2,056,613. 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 one year low of $199.81 and a one year high of $311.28. The stock's 50-day simple moving average is $261.10 and its two-hundred day simple moving average is $252.54. The stock has a market cap of $68.52 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 3.56 and a beta of 1.35.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on WDAY shares. BNP Paribas upgraded shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Loop Capital upped their price objective on shares of Workday from $242.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday. Oppenheimer reiterated an "outperform" rating and set a $300.00 price objective on shares of Workday in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of Workday from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $270.00 price target (down previously from $285.00) on shares of Workday in a research report on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $291.11.

About Workday

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.