Ownership Capital B.V. Sells 263,000 Shares of Workday, Inc. (NASDAQ:WDAY)

Ownership Capital B.V. decreased its position in Workday, Inc. (NASDAQ:WDAY) by 24.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 808,568 shares of the software maker’s stock after selling 263,000 shares during the period. Workday comprises approximately 6.3% of Ownership Capital B.V.’s holdings, making the stock its 4th largest holding. Ownership Capital B.V.’s holdings in Workday were worth $197,622,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sigma Planning Corp bought a new stake in shares of Workday during the third quarter valued at approximately $233,000. 17 Capital Partners LLC boosted its stake in Workday by 27.5% during the third quarter. 17 Capital Partners LLC now owns 2,474 shares of the software maker’s stock worth $605,000 after buying an additional 534 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Workday by 100.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,912 shares of the software maker’s stock valued at $712,000 after buying an additional 1,461 shares during the period. Atria Investments Inc raised its stake in shares of Workday by 19.3% in the 3rd quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock valued at $10,833,000 after buying an additional 7,175 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Workday by 17,001.6% during the 3rd quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after acquiring an additional 284,266 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WDAY. Deutsche Bank Aktiengesellschaft upped their target price on shares of Workday from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, August 23rd. KeyCorp increased their target price on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Piper Sandler restated an “overweight” rating and set a $285.00 target price on shares of Workday in a research report on Wednesday, September 18th. Canaccord Genuity Group reiterated a “buy” rating and issued a $300.00 price target on shares of Workday in a research report on Friday, September 13th. Finally, Barclays lifted their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $287.04.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 57,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $247.59, for a total value of $14,112,630.00. Following the completion of the sale, the insider now owns 505,000 shares of the company’s stock, valued at $125,032,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 370,575 shares of company stock worth $91,506,897 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 0.6 %

WDAY opened at $256.54 on Friday. The firm has a 50 day simple moving average of $245.75 and a 200 day simple moving average of $236.07. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $311.28. The company has a market cap of $67.98 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 5.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04.

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

About Workday

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.