AustralianSuper Pty Ltd Raises Holdings in Workday, Inc. (NASDAQ:WDAY)

AustralianSuper Pty Ltd boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 18.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,211 shares of the software maker’s stock after buying an additional 822 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Workday were worth $1,274,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of WDAY. William Blair Investment Management LLC lifted its position in shares of Workday by 17.6% in the first quarter. William Blair Investment Management LLC now owns 32,442 shares of the software maker’s stock valued at $8,849,000 after acquiring an additional 4,865 shares in the last quarter. ORG Partners LLC lifted its holdings in Workday by 3,717.9% in the 2nd quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Workday by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock valued at $128,851,000 after purchasing an additional 13,502 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Workday by 42.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock worth $3,649,000 after buying an additional 3,965 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Workday by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after buying an additional 324,540 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Trading Down 1.9 %

WDAY opened at $233.85 on Friday. The firm has a market capitalization of $61.97 billion, a P/E ratio of 40.74, a P/E/G ratio of 4.73 and a beta of 1.35. The firm’s 50 day moving average is $247.41 and its 200-day moving average is $236.40. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Analysts expect that Workday, Inc. will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the sale, the insider now directly owns 281,000 shares in the company, valued at $68,004,810. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $242.01, for a total transaction of $13,552,560.00. Following the completion of the transaction, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the sale, the director now directly owns 97,500 shares of the company’s stock, valued at $25,381,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on WDAY shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. The Goldman Sachs Group raised their price objective on Workday from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Needham & Company LLC dropped their target price on Workday from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. Finally, Wells Fargo & Company upped their price objective on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

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.