Workday, Inc. (NASDAQ:WDAY) Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 6.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,352 shares of the software maker’s stock after acquiring an additional 368 shares during the period. Anchor Investment Management LLC’s holdings in Workday were worth $1,552,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WDAY. The Manufacturers Life Insurance Company increased its position in shares of Workday by 79.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after acquiring an additional 1,016,394 shares in the last quarter. Van ECK Associates Corp raised its stake in Workday by 17,345.2% during the 2nd quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after purchasing an additional 925,366 shares during the period. Two Sigma Advisers LP raised its stake in Workday by 1,094.2% during the 3rd quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock valued at $150,019,000 after purchasing an additional 562,400 shares during the period. Janus Henderson Group PLC boosted its position in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock worth $1,218,415,000 after buying an additional 480,459 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Workday in the third quarter worth $78,003,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now owns 8,674 shares of the company’s stock, valued at $2,097,806.90. The trade was a 17.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $251.20, for a total value of $17,584,753.60. Following the transaction, the insider now owns 102,997 shares of the company’s stock, valued at $25,872,846.40. This represents a 40.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 361,463 shares of company stock worth $88,422,088. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WDAY. Deutsche Bank Aktiengesellschaft raised their price objective on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of Workday in a research report on Monday, November 25th. Morgan Stanley increased their target price on shares of Workday from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Citigroup lowered their price target on shares of Workday from $274.00 to $270.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Finally, Stifel Nicolaus lifted their price objective on Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $289.21.

Workday Price Performance

NASDAQ:WDAY opened at $274.82 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market cap of $72.83 billion, a P/E ratio of 45.58, a PEG ratio of 5.02 and a beta of 1.34. The company has a fifty day moving average price of $252.43 and a 200 day moving average price of $238.12. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Analysts anticipate that Workday, Inc. will post 2.58 earnings per share for the current year.

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.