2,918 Shares in Workday, Inc. $WDAY Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,918 shares of the software maker’s stock, valued at approximately $700,000.

Several other large investors also recently modified their holdings of the stock. Dagco Inc. bought a new position in shares of Workday during the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC lifted its holdings in shares of Workday by 2,216.7% during the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after acquiring an additional 133 shares during the period. Physician Wealth Advisors Inc. acquired a new stake in shares of Workday in the 2nd quarter valued at $42,000. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Workday during the 1st quarter worth about $48,000. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Up 0.6%

Shares of WDAY opened at $222.25 on Wednesday. The firm has a market cap of $58.45 billion, a P/E ratio of 93.38, a P/E/G ratio of 2.67 and a beta of 1.15. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $283.68. The stock has a 50 day simple moving average of $229.61 and a two-hundred day simple moving average of $233.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.89 earnings per share. On average, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the sale, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the transaction, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. This trade represents a 3.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 346,958 shares of company stock worth $78,880,645 in the last 90 days. Insiders own 20.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group set a $260.00 target price on Workday in a report on Wednesday, November 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of Workday in a research note on Wednesday, November 26th. Zacks Research cut shares of Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Barclays reduced their price target on shares of Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Wells Fargo & Company reduced their price target on Workday from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.16.

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.