Quantbot Technologies LP Buys Shares of 12,034 Workday, Inc. (NASDAQ:WDAY)

Quantbot Technologies LP bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,034 shares of the software maker’s stock, valued at approximately $3,282,000.

Several other institutional investors also recently bought and sold shares of WDAY. ORG Partners LLC lifted its stake in shares of Workday by 1.2% during the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after buying an additional 34 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of Workday by 27.6% during the fourth quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock worth $43,000 after buying an additional 34 shares during the period. Carolinas Wealth Consulting LLC lifted its stake in shares of Workday by 9.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 384 shares of the software maker’s stock worth $106,000 after buying an additional 34 shares during the period. Washington Trust Advisors Inc. lifted its position in Workday by 8.1% during the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock valued at $133,000 after purchasing an additional 36 shares during the period. Finally, Meitav Investment House Ltd. lifted its position in Workday by 2.6% during the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock valued at $387,000 after purchasing an additional 36 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Workday from $293.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Canaccord Genuity Group cut their price objective on shares of Workday from $305.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 24th. Piper Sandler cut their price objective on shares of Workday from $280.00 to $262.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird cut their price objective on shares of Workday from $316.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Workday from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $281.44.

Workday Stock Up 1.4 %

WDAY traded up $3.21 during trading hours on Friday, hitting $230.02. 1,687,036 shares of the company’s stock were exchanged, compared to its average volume of 1,908,431. Workday, Inc. has a 12-month low of $202.01 and a 12-month high of $311.28. The firm has a 50 day moving average of $227.39 and a 200 day moving average of $260.12. The firm has a market cap of $60.96 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 5.71 and a beta of 1.35. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts predict that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total value of $669,267.24. Following the sale, the insider now directly owns 204,066 shares of the company’s stock, valued at approximately $43,759,913.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder David A. Duffield sold 76,376 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.74, for a total value of $17,317,494.24. Following the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $23,353,539.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas A. Robinson sold 3,121 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $214.44, for a total transaction of $669,267.24. Following the completion of the transaction, the insider now directly owns 204,066 shares in the company, valued at $43,759,913.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 468,672 shares of company stock valued at $103,096,914. Insiders own 20.00% of the company’s stock.

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.