Workday, Inc. $WDAY Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 5.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 381,807 shares of the software maker’s stock after selling 20,518 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Workday were worth $82,005,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Workday during the 3rd quarter valued at about $26,000. DT Investment Partners LLC acquired a new position in Workday during the 4th quarter valued at about $27,000. LRI Investments LLC acquired a new position in Workday during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Workday during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total value of $769,320.00. Following the completion of the transaction, the chief financial officer directly owned 217,930 shares in the company, valued at $27,942,984.60. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $13,631,158.24. The trade was a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 774,814 shares of company stock valued at $102,709,316. Corporate insiders own 18.64% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Workday from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group raised their price objective on shares of Workday from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Workday in a research report on Friday, May 22nd. Evercore lowered shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective for the company. in a research report on Wednesday, February 25th. Finally, William Blair upgraded shares of Workday to a “strong-buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $185.03.

Workday Stock Performance

NASDAQ:WDAY opened at $130.80 on Monday. Workday, Inc. has a twelve month low of $110.36 and a twelve month high of $249.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $128.10 and a 200-day moving average of $159.55. The firm has a market cap of $32.31 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $2.23 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts forecast that Workday, Inc. will post 5.4 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.