Capital International Sarl Raises Position in Workday, Inc. (NASDAQ:WDAY)

Capital International Sarl raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,499 shares of the software maker’s stock after acquiring an additional 154 shares during the quarter. Capital International Sarl’s holdings in Workday were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its holdings in Workday by 6.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 198,643 shares of the software maker’s stock worth $51,231,000 after acquiring an additional 11,675 shares during the last quarter. Champlain Investment Partners LLC increased its stake in shares of Workday by 74.1% in the fourth quarter. Champlain Investment Partners LLC now owns 982,961 shares of the software maker’s stock worth $253,633,000 after purchasing an additional 418,480 shares in the last quarter. Ally Financial Inc. raised its position in shares of Workday by 40.0% in the fourth quarter. Ally Financial Inc. now owns 14,000 shares of the software maker’s stock valued at $3,612,000 after purchasing an additional 4,000 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Workday by 57.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 90,632 shares of the software maker’s stock worth $23,386,000 after buying an additional 33,022 shares during the period. Finally, Farringdon Capital Ltd. purchased a new position in Workday in the 4th quarter valued at approximately $614,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 497 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 81,275 shares of the firm’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $22,111,395.96. This represents a 44.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 321,724 shares of company stock worth $77,976,126 over the last three months. Company insiders own 20.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BNP Paribas upgraded Workday to a “strong-buy” rating in a research report on Friday, February 14th. Oppenheimer raised 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. UBS Group increased their target price on shares of Workday from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a report on Wednesday, February 26th. Finally, Citigroup reduced their target price on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $296.25.

Workday Stock Down 2.9 %

Shares of NASDAQ:WDAY opened at $221.02 on Friday. The company has a market cap of $58.79 billion, a PE ratio of 36.65, a P/E/G ratio of 3.55 and a beta of 1.32. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock’s 50-day moving average is $244.00 and its 200 day moving average is $252.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last issued 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 company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.