XTX Topco Ltd Takes $618,000 Position in Workday, Inc. (NASDAQ:WDAY)

XTX Topco Ltd bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,394 shares of the software maker's stock, valued at approximately $618,000.

A number of other institutional investors have also made changes to their positions in WDAY. Roxbury Financial LLC bought a new position in shares of Workday in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of Workday in the fourth quarter valued at about $26,000. Avion Wealth raised its holdings in shares of 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 last quarter. TCTC Holdings LLC bought a new position in shares of Workday in the fourth quarter valued at about $35,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock valued at $39,000 after buying an additional 66 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Transactions at Workday

In related news, CEO Carl M. Eschenbach sold 3,125 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly owns 10,847 shares in the company, valued at $2,544,814.67. This represents a 22.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. This represents a 44.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 20.00% of the company's stock.

Workday Stock Performance

Shares of WDAY stock traded up $11.44 during midday trading on Thursday, hitting $236.31. 604,467 shares of the company were exchanged, compared to its average volume of 2,619,649. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $62.86 billion, a P/E ratio of 39.21, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $294.00. The firm's 50 day moving average price is $241.68 and its two-hundred day moving average price is $251.76.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.18 billion. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WDAY shares. Citigroup cut their price target on Workday from $287.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Mizuho dropped their price objective on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price objective on Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Finally, BNP Paribas raised Workday to a "strong-buy" rating in a report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $292.86.

Workday 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.