Bristol John W & Co. Inc. NY Has $137.96 Million Stock Position in Workday, Inc. (NASDAQ:WDAY)

Bristol John W & Co. Inc. NY lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 499,744 shares of the software maker’s stock after selling 24,978 shares during the quarter. Workday makes up 2.5% of Bristol John W & Co. Inc. NY’s holdings, making the stock its 11th biggest holding. Bristol John W & Co. Inc. NY’s holdings in Workday were worth $137,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. ORG Partners LLC grew its stake in shares of Workday by 1.2% during the fourth quarter. ORG Partners LLC now owns 2,856 shares of the software maker’s stock worth $788,000 after buying an additional 34 shares during the last quarter. Washington Trust Advisors Inc. grew its stake in shares of Workday by 8.1% in the fourth quarter. Washington Trust Advisors Inc. now owns 481 shares of the software maker’s stock worth $133,000 after purchasing an additional 36 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Workday by 2.6% in the fourth quarter. Meitav Investment House Ltd. now owns 1,401 shares of the software maker’s stock worth $387,000 after purchasing an additional 36 shares during the last quarter. Cigna Investments Inc. New grew its stake in shares of Workday by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,167 shares of the software maker’s stock worth $598,000 after purchasing an additional 37 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Workday by 6.3% in the second quarter. Sunbelt Securities Inc. now owns 742 shares of the software maker’s stock worth $168,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY stock traded down $4.78 during trading hours on Friday, hitting $263.69. 1,251,168 shares of the company were exchanged, compared to its average volume of 1,451,418. The firm has a fifty day simple moving average of $282.11 and a 200 day simple moving average of $261.21. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52-week low of $174.25 and a 52-week high of $311.28. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 51.20, a P/E/G ratio of 6.59 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the business earned ($0.14) EPS. Workday’s revenue was up 16.8% compared to the same quarter last year. Research analysts predict that Workday, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $268.85, for a total value of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at approximately $27,690,743.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Workday news, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $272.02, for a total value of $15,505,140.00. Following the completion of the transaction, the insider now directly owns 1,067,000 shares of the company’s stock, valued at approximately $290,245,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 64,329 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $27,690,743.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 379,691 shares of company stock worth $102,897,729. Corporate insiders own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on shares of Workday from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Barclays dropped their target price on shares of Workday from $326.00 to $316.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price target on shares of Workday in a research report on Tuesday, February 27th. Finally, Evercore ISI upped their price target on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

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.