Fisher Asset Management LLC Has $31.02 Million Position in Workday, Inc. (NASDAQ:WDAY)

Fisher Asset Management LLC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,895 shares of the software maker’s stock after acquiring an additional 761 shares during the quarter. Fisher Asset Management LLC’s holdings in Workday were worth $31,015,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ORG Partners LLC increased its position in Workday by 3,717.9% in the 2nd 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 in the last quarter. Grafton Street Partners Fund LP acquired a new stake in Workday in the third quarter valued at approximately $4,424,000. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after acquiring an additional 7,802 shares in the last quarter. Legal & General Group Plc raised its position in shares of Workday by 7.4% during the second quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after purchasing an additional 118,180 shares during the period. Finally, Atria Investments Inc raised its position in shares of Workday by 19.3% during the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after purchasing an additional 7,175 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $236.90, for a total value of $13,266,400.00. Following the transaction, the insider now owns 337,000 shares of the company’s stock, valued at approximately $79,835,300. This represents a 14.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total value of $738,934.52. Following the sale, the insider now directly owns 85,795 shares of the company’s stock, valued at $20,228,745.10. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 359,954 shares of company stock worth $88,742,132 in the last quarter. 20.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WDAY shares. Loop Capital boosted their price target on shares of Workday from $255.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Monday. Stifel Nicolaus raised their price target on shares of Workday from $250.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group raised their target price on Workday from $300.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.46.

Workday Stock Up 0.9 %

WDAY opened at $270.19 on Wednesday. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a market cap of $71.60 billion, a PE ratio of 47.07, a price-to-earnings-growth ratio of 5.31 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $248.52 and a 200 day moving average of $237.21.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts expect that Workday, Inc. will post 2.4 EPS for the current year.

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.