Metis Global Partners LLC Has $1.68 Million Position in Workday, Inc. (NASDAQ:WDAY)

Metis Global Partners LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,101 shares of the software maker’s stock after selling 280 shares during the quarter. Metis Global Partners LLC’s holdings in Workday were worth $1,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Workday by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after acquiring an additional 263,994 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Workday by 37.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares in the last quarter. Polen Capital Management LLC grew its position in shares of Workday by 2.0% in the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the period. Morgan Stanley raised its holdings in Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock worth $586,021,000 after buying an additional 872,288 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Workday by 8.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,629,780 shares of the software maker’s stock worth $564,976,000 after buying an additional 206,112 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now owns 165,932 shares in the company, valued at approximately $48,749,162.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of Workday stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the transaction, the insider now directly owns 165,932 shares of the company’s stock, valued at approximately $48,749,162.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares in the company, valued at $223,302,270. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock worth $117,731,569 over the last ninety days. Insiders own 21.09% of the company’s stock.

Workday Price Performance

Shares of Workday stock opened at $249.43 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $65.85 billion, a price-to-earnings ratio of 48.43, a price-to-earnings-growth ratio of 6.39 and a beta of 1.33. Workday, Inc. has a twelve month low of $174.70 and a twelve month high of $311.28. The company has a 50-day simple moving average of $266.02 and a two-hundred day simple moving average of $266.06.

Workday (NASDAQ:WDAY) last announced its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.10. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. Workday’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. Analysts forecast that Workday, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WDAY shares. UBS Group lowered their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. The Goldman Sachs Group increased their price objective on Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. StockNews.com cut Workday from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 8th. Barclays decreased their price target on shares of Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $300.00 price objective on shares of Workday in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $293.61.

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.