Slow Capital Inc. Grows Position in Workday, Inc. (NASDAQ:WDAY)

Slow Capital Inc. increased its position in Workday, Inc. (NASDAQ:WDAY) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,358 shares of the software maker’s stock after purchasing an additional 83 shares during the quarter. Slow Capital Inc.’s holdings in Workday were worth $2,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC raised its stake in Workday by 17.6% during 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 buying an additional 4,865 shares during the last quarter. ORG Partners LLC raised its stake in Workday by 3,717.9% during the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after buying an additional 3,123 shares during the last quarter. Nordea Investment Management AB raised its stake in Workday by 3.0% during the first quarter. Nordea Investment Management AB now owns 468,915 shares of the software maker’s stock valued at $128,851,000 after buying an additional 13,502 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Workday by 42.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 13,380 shares of the software maker’s stock valued at $3,649,000 after buying an additional 3,965 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Workday by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after buying an additional 324,540 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $244.48 on Friday. The stock has a 50-day simple moving average of $245.21 and a two-hundred day simple moving average of $238.24. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $64.79 billion, a PE ratio of 44.05, a P/E/G ratio of 4.81 and a beta of 1.35.

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, beating the consensus estimate of $1.65 by $0.10. The business had revenue of $2.09 billion during 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%. Workday’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts forecast that Workday, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Bank of America lifted their price objective on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Needham & Company LLC decreased their price target 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 restated 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 boosted their price target on Workday from $260.00 to $300.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average target price of $287.04.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 66,492 shares of the company’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 owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder David A. Duffield sold 66,492 shares of the company’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 owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the company’s 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 transaction, the insider now directly owns 505,000 shares of the company’s stock, valued at approximately $125,032,950. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 370,575 shares of company stock valued at $91,506,897 over the last 90 days. Company insiders own 20.00% of the company’s stock.

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.