Capital World Investors Purchases 1,011 Shares of Workday, Inc. (NASDAQ:WDAY)

Capital World Investors raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,626 shares of the software maker’s stock after purchasing an additional 1,011 shares during the quarter. Capital World Investors’ holdings in Workday were worth $94,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WDAY. Crewe Advisors LLC bought a new position in Workday during the 1st quarter valued at $27,000. Sound Income Strategies LLC lifted its position in shares of Workday by 74.2% during the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after purchasing an additional 49 shares in the last quarter. CVA Family Office LLC purchased a new position in Workday during the fourth quarter worth about $33,000. Friedenthal Financial bought a new stake in Workday in the 4th quarter worth about $43,000. Finally, VisionPoint Advisory Group LLC increased its stake in Workday by 27.6% in the 4th quarter. VisionPoint Advisory Group LLC now owns 157 shares of the software maker’s stock valued at $43,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 82,762 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $210.28, for a total value of $17,403,193.36. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder David A. Duffield sold 82,762 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $210.28, for a total value of $17,403,193.36. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $21,658,209.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Harry Sauer sold 3,134 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $226.67, for a total transaction of $710,383.78. Following the completion of the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 524,672 shares of company stock valued at $115,938,834. Insiders own 20.00% of the company’s stock.

Workday Price Performance

NASDAQ WDAY traded up $1.56 during trading on Friday, reaching $228.64. The company’s stock had a trading volume of 1,003,283 shares, compared to its average volume of 1,840,302. The stock has a market capitalization of $60.59 billion, a PE ratio of 41.20, a P/E/G ratio of 5.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a fifty day moving average of $223.16 and a 200 day moving average of $257.14. Workday, Inc. has a one year low of $202.01 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, May 23rd. The software maker reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Workday had a net margin of 19.66% and a return on equity of 5.78%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm posted $0.16 earnings per share. Workday’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts expect that Workday, Inc. will post 2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of a number of research analyst reports. TD Cowen cut their target price on Workday from $330.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Bank of America cut their price objective on Workday from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Mizuho decreased their target price on Workday from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus cut their price target on shares of Workday from $290.00 to $250.00 and set a “hold” rating on the stock in a report on Friday, May 24th. Finally, Canaccord Genuity Group decreased their price objective on shares of Workday from $305.00 to $270.00 and set a “buy” rating for the company in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.44.

Workday 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.