Workday, Inc. $WDAY Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 68.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,342 shares of the software maker’s stock after selling 9,370 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Workday were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Investment Advisors MI lifted its position in shares of Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after acquiring an additional 50 shares during the period. L2 Asset Management LLC grew its holdings in shares of Workday by 7.8% in the 4th quarter. L2 Asset Management LLC now owns 1,079 shares of the software maker’s stock worth $232,000 after acquiring an additional 78 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Workday by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,798 shares of the software maker’s stock valued at $5,326,000 after purchasing an additional 80 shares in the last quarter. Colonial Trust Co SC increased its stake in Workday by 45.8% in the 4th quarter. Colonial Trust Co SC now owns 280 shares of the software maker’s stock valued at $60,000 after purchasing an additional 88 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in Workday by 5.4% during the third quarter. Scotia Capital Inc. now owns 1,759 shares of the software maker’s stock worth $423,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Workday stock opened at $185.09 on Friday. The stock has a market capitalization of $44.61 billion, a P/E ratio of 37.54, a P/E/G ratio of 1.88 and a beta of 1.08. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50-day moving average is $170.84 and its two-hundred day moving average is $143.94.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. Equities analysts predict that Workday, Inc. will post 5.3 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, insider Gerrit Kazmaier sold 2,728 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $143.62, for a total value of $391,795.36. Following the completion of the transaction, the insider directly owned 266,388 shares in the company, valued at approximately $38,258,644.56. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Enslin sold 5,374 shares of the stock in a transaction on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider directly owned 239,469 shares in the company, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 738,096 shares of company stock worth $106,054,737 in the last three months. 18.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Canaccord Genuity Group boosted their target price on Workday from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Bank of America increased their price objective on shares of Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Morgan Stanley raised their target price on shares of Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 28th. Needham & Company LLC lifted their target price on shares of Workday from $180.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Freedom Broker downgraded shares of Workday from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $200.00 in a report on Friday, August 28th. Twenty analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $206.34.

Workday Profile

Workday, Inc develops cloud-based enterprise software designed to help organizations manage finance, human resources and related business operations. Its platform provides tools for financial management, accounting, procurement, expenses, payroll, workforce management, recruiting, talent management, employee experience and enterprise planning.

The company also offers analytics, reporting and artificial intelligence capabilities that support budgeting, forecasting, workforce planning and business decision-making.