Capital International Sarl Increases Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Capital International Sarl raised its stake in Workday, Inc. (NASDAQ:WDAY) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,212 shares of the software maker’s stock after purchasing an additional 319 shares during the period. Capital International Sarl’s holdings in Workday were worth $2,513,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WDAY. CVA Family Office LLC purchased a new position in shares of Workday during the fourth quarter worth approximately $33,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Workday by 28.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,705 shares of the software maker’s stock worth $3,507,000 after acquiring an additional 2,831 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Workday by 22.3% during the fourth quarter. Pacer Advisors Inc. now owns 13,646 shares of the software maker’s stock worth $3,767,000 after acquiring an additional 2,485 shares during the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of Workday during the fourth quarter worth approximately $9,274,000. Finally, Planned Solutions Inc. purchased a new position in shares of Workday during the fourth quarter worth approximately $55,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WDAY shares. Bank of America lowered their target price on shares of Workday from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Stifel Nicolaus decreased their price target on Workday from $290.00 to $250.00 and set a “hold” rating for the company in a report on Friday, May 24th. Guggenheim reaffirmed a “sell” rating and set a $190.00 price target on shares of Workday in a report on Tuesday, June 25th. Canaccord Genuity Group decreased their price target on Workday from $305.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, Mizuho decreased their price target on Workday from $325.00 to $280.00 and set a “buy” rating for the company in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $281.44.

Insider Activity

In other news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $209.17, for a total value of $11,922,690.00. Following the transaction, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $209.17, for a total value of $11,922,690.00. Following the transaction, the insider now owns 786,000 shares of the company’s stock, valued at approximately $164,407,620. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $229.32, for a total transaction of $12,841,920.00. Following the completion of the transaction, the insider now directly owns 562,000 shares in the company, valued at approximately $128,877,840. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 524,672 shares of company stock valued at $115,938,834. Company insiders own 20.00% of the company’s stock.

Workday Trading Up 0.7 %

NASDAQ:WDAY traded up $1.56 during trading hours on Friday, reaching $228.64. 1,003,276 shares of the company were exchanged, compared to its average volume of 2,180,267. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $60.59 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 5.56 and a beta of 1.35. Workday, Inc. has a 52-week low of $202.01 and a 52-week high of $311.28. The stock has a 50 day simple moving average of $223.16 and a 200 day simple moving average of $257.14.

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