UniSuper Management Pty Ltd Purchases 37,442 Shares of Workday, Inc. (NASDAQ:WDAY)

UniSuper Management Pty Ltd raised its position in Workday, Inc. (NASDAQ:WDAY) by 68.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,542 shares of the software maker’s stock after purchasing an additional 37,442 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Workday were worth $23,879,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Sava Infond d.o.o. bought a new stake in Workday in the 4th quarter valued at approximately $4,438,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Workday by 120.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 350,101 shares of the software maker’s stock worth $88,520,000 after acquiring an additional 191,150 shares in the last quarter. Mendel Money Management raised its holdings in shares of Workday by 9.7% in the fourth quarter. Mendel Money Management now owns 12,838 shares of the software maker’s stock valued at $3,313,000 after purchasing an additional 1,135 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Workday in the fourth quarter worth $933,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Workday by 1.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 230,729 shares of the software maker’s stock worth $59,535,000 after purchasing an additional 4,104 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $261.75, for a total value of $14,658,000.00. Following the completion of the sale, the insider now owns 172,000 shares of the company’s stock, valued at approximately $45,021,000. This trade represents a 24.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sayan Chakraborty sold 6,056 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now directly owns 111,324 shares in the company, valued at approximately $29,556,522. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 487,145 shares of company stock worth $123,289,438 over the last three months. 20.00% of the stock is currently owned by insiders.

Workday Stock Performance

Shares of Workday stock opened at $250.79 on Thursday. The business’s fifty day simple moving average is $257.01 and its 200 day simple moving average is $255.00. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $294.00. The firm has a market capitalization of $66.71 billion, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 3.55 and a beta of 1.38.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. As a group, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Scotiabank dropped their target price on Workday from $355.00 to $305.00 and set a “sector outperform” rating on the stock in a report on Monday, March 17th. Bank of America reduced their price target on Workday from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on Workday from $330.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada raised their target price on shares of Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.36.

About Workday

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.