Workday, Inc. $WDAY Shares Bought by National Bank of Canada FI

National Bank of Canada FI grew its stake in Workday, Inc. (NASDAQ:WDAY) by 293.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 832,670 shares of the software maker’s stock after acquiring an additional 621,186 shares during the quarter. National Bank of Canada FI’s holdings in Workday were worth $200,448,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WDAY. Vanguard Group Inc. increased its position in Workday by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock worth $5,247,687,000 after purchasing an additional 684,872 shares in the last quarter. State Street Corp lifted its holdings in Workday by 3.3% in the 2nd quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock valued at $2,304,124,000 after purchasing an additional 303,713 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Workday by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after purchasing an additional 1,882,391 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after purchasing an additional 1,103,421 shares during the last quarter. Finally, Parnassus Investments LLC grew 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 buying an additional 371,561 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Price Performance

Workday stock opened at $133.63 on Tuesday. Workday, Inc. has a 1 year low of $117.76 and a 1 year high of $276.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50 day moving average price of $163.16 and a 200 day moving average price of $205.15. The company has a market cap of $34.34 billion, a price-to-earnings ratio of 51.79, a PEG ratio of 1.29 and a beta of 1.17.

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

Insider Buying and Selling at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the sale, the insider owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $209.56, for a total value of $199,710.68. Following the sale, the chief accounting officer owned 35,336 shares of the company’s stock, valued at $7,405,012.16. This represents a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 529,362 shares of company stock worth $89,425,451. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on WDAY shares. Robert W. Baird set a $195.00 price objective on shares of Workday in a research note on Tuesday, February 24th. Barclays lowered their target price on shares of Workday from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Wells Fargo & Company cut their price target on Workday from $255.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Piper Sandler reduced their price target on Workday from $200.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of Workday in a report on Monday, February 23rd. Nineteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.71.

Workday 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.