22,407 Shares in Workday, Inc. $WDAY Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Workday, Inc. (NASDAQ:WDAY) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 22,407 shares of the software maker’s stock, valued at approximately $5,394,000.

Other large investors have also modified their holdings of the company. Perennial Investment Advisors LLC grew its stake in shares of Workday by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,741 shares of the software maker’s stock valued at $418,000 after buying an additional 48 shares during the last quarter. Bay Harbor Wealth Management LLC boosted its holdings in Workday by 12.0% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 458 shares of the software maker’s stock valued at $110,000 after acquiring an additional 49 shares during the period. Farther Finance Advisors LLC grew its position in Workday by 1.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,128 shares of the software maker’s stock valued at $994,000 after acquiring an additional 49 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Workday by 1.1% in the second quarter. Kingsview Wealth Management LLC now owns 4,544 shares of the software maker’s stock worth $1,091,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Advisors MI increased its stake in Workday by 1.6% in the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

NASDAQ WDAY opened at $148.14 on Tuesday. The company has a market cap of $38.96 billion, a PE ratio of 57.42, a P/E/G ratio of 1.47 and a beta of 1.17. The firm’s 50 day moving average price is $170.76 and its 200-day moving average price is $208.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. Workday, Inc. has a 52-week low of $117.76 and a 52-week high of $276.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WDAY shares. Mizuho cut their price target on shares of Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. UBS Group dropped their target price on shares of Workday from $170.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Rosenblatt Securities decreased their price target on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen lowered Workday from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Jefferies Financial Group downgraded Workday from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $325.00 to $150.00 in a report on Monday, February 23rd. Twenty investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.19.

Insider Transactions at Workday

In related news, insider Robert Enslin sold 22,185 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the sale, the insider directly owned 106,330 shares in the company, valued at $22,347,376.10. This represents a 17.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 107,500 shares of Workday stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $134.40, for a total value of $14,448,000.00. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at $14,118,585.60. This trade represents a 50.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 503,296 shares of company stock worth $91,729,216. Company insiders own 20.00% of the company’s stock.

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.