Workday, Inc. $WDAY Shares Sold by Sirios Capital Management L P

Sirios Capital Management L P lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 37.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,405 shares of the software maker’s stock after selling 3,232 shares during the period. Sirios Capital Management L P’s holdings in Workday were worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Workday in the second quarter valued at about $442,702,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares during the last quarter. Generation Investment Management LLP raised its position in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after buying an additional 778,301 shares during the period. Finally, Parnassus Investments LLC lifted its holdings in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after acquiring an additional 548,694 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. KeyCorp dropped their target price on shares of Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.16.

Workday Stock Performance

NASDAQ:WDAY opened at $222.25 on Wednesday. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $283.68. The company has a fifty day simple moving average of $229.61 and a two-hundred day simple moving average of $233.00. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market cap of $58.45 billion, a price-to-earnings ratio of 93.38, a price-to-earnings-growth ratio of 2.67 and a beta of 1.15.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the business posted $1.89 earnings per share. Workday’s revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts anticipate 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, major shareholder David A. Duffield sold 82,025 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $212.19, for a total value of $17,404,884.75. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,290,347.31. This represents a 43.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares in the company, valued at $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 346,958 shares of company stock valued at $78,880,645. 20.00% of the stock is currently owned by company insiders.

About Workday

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.