Workday, Inc. $WDAY Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1,033.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,512 shares of the software maker’s stock after acquiring an additional 13,232 shares during the period. Vinva Investment Management Ltd’s holdings in Workday were worth $3,594,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Workday by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock valued at $5,247,687,000 after purchasing an additional 684,872 shares during the last quarter. State Street Corp raised its stake in shares of Workday by 3.3% during the second quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock worth $2,304,124,000 after purchasing an additional 303,713 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after purchasing an additional 140,042 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Workday by 13.1% during the third quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker’s stock worth $774,478,000 after purchasing an additional 371,561 shares during the period. Finally, Generation Investment Management LLP grew its position in Workday by 50.4% in the 3rd quarter. Generation Investment Management LLP now owns 3,087,395 shares of the software maker’s stock valued at $743,229,000 after buying an additional 1,034,589 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

Shares of NASDAQ WDAY opened at $148.14 on Tuesday. The firm has a market capitalization of $38.96 billion, a P/E ratio of 57.42, a PEG ratio of 1.47 and a beta of 1.17. Workday, Inc. has a one year low of $117.76 and a one year high of $276.00. The company’s fifty day moving average is $170.76 and its two-hundred day moving average is $208.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on WDAY. Raymond James Financial reissued a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Sanford C. Bernstein lowered their target price on shares of Workday from $298.00 to $214.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. BTIG Research dropped their price target on shares of Workday from $230.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Workday from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, DA Davidson reduced their price objective on shares of Workday from $250.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Twenty research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.19.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $210.00, for a total transaction of $656,250.00. Following the sale, the chief executive officer owned 17,097 shares of the company’s stock, valued at $3,590,370. The trade was a 15.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total value of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares in the company, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 503,296 shares of company stock valued at $91,729,216 in the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Company Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.