Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Balentine LLC

Balentine LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,689 shares of the software maker’s stock after acquiring an additional 440 shares during the quarter. Balentine LLC’s holdings in Workday were worth $436,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Two Sigma Advisers LP lifted its position in Workday by 1,094.2% in the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after acquiring an additional 562,400 shares during the last quarter. KBC Group NV lifted its stake in Workday by 340.3% in the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock valued at $169,199,000 after buying an additional 506,812 shares during the last quarter. Janus Henderson Group PLC boosted its holdings 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 valued at $1,218,415,000 after acquiring an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of Workday during the third quarter worth approximately $78,003,000. Finally, Lindbrook Capital LLC boosted its stake in Workday by 17,001.6% during the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after purchasing an additional 284,266 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

NASDAQ WDAY opened at $269.88 on Tuesday. The stock has a market capitalization of $71.79 billion, a P/E ratio of 44.76, a P/E/G ratio of 3.78 and a beta of 1.35. 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 business’s fifty day moving average is $262.08 and its two-hundred day moving average is $250.59. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating the consensus estimate of $1.76 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. On average, research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the sale, the insider now directly owns 284,000 shares in the company, valued at approximately $78,188,040. This trade represents a 16.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 472 shares of Workday stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the transaction, the chief accounting officer now directly owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 438,819 shares of company stock valued at $113,142,592 over the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WDAY. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and increased their price objective for the stock from $265.00 to $300.00 in a research report on Wednesday, January 8th. Loop Capital decreased their price objective on shares of Workday from $270.00 to $242.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Scotiabank started coverage on Workday in a report on Monday, November 18th. They issued a “sector outperform” rating and a $340.00 target price on the stock. Barclays dropped their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted their price objective on Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.43.

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.