Versor Investments LP Buys 2,492 Shares of Workday, Inc. (NASDAQ:WDAY)

Versor Investments LP boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 45.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,958 shares of the software maker’s stock after buying an additional 2,492 shares during the period. Versor Investments LP’s holdings in Workday were worth $1,779,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Workday by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock worth $4,029,244,000 after purchasing an additional 324,540 shares during the last quarter. Norges Bank purchased a new position in Workday in the fourth quarter worth about $1,491,149,000. Sustainable Growth Advisers LP lifted its stake in shares of Workday by 9.7% in the first quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after buying an additional 301,463 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Workday by 12.4% during the first quarter. Clearbridge Investments LLC now owns 2,542,189 shares of the software maker’s stock valued at $693,382,000 after buying an additional 281,207 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Workday by 5.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,511,764 shares of the software maker’s stock valued at $417,338,000 after acquiring an additional 75,903 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $350.00 target price on shares of Workday in a research note on Friday, August 23rd. Mizuho lowered their target price on shares of Workday from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Robert W. Baird dropped their target price on shares of Workday from $316.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. TD Cowen decreased their target price on shares of Workday from $330.00 to $290.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Finally, Loop Capital raised their price target on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $288.15.

Workday Trading Up 0.3 %

Shares of NASDAQ WDAY traded up $0.83 during mid-day trading on Monday, reaching $263.19. The company had a trading volume of 1,707,400 shares, compared to its average volume of 2,222,531. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The business’s 50-day moving average is $228.70 and its 200-day moving average is $246.28. The stock has a market cap of $69.75 billion, a price-to-earnings ratio of 47.42, a price-to-earnings-growth ratio of 5.66 and a beta of 1.35. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a return on equity of 5.34% and a net margin of 19.59%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the business posted $0.40 EPS. Workday’s quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts expect that Workday, Inc. will post 2.27 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the sale, the director now owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $260.32, for a total transaction of $1,952,400.00. Following the completion of the sale, the director now owns 97,500 shares of the company’s stock, valued at $25,381,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 57,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $209.17, for a total value of $11,922,690.00. Following the transaction, the insider now directly owns 786,000 shares in the company, valued at $164,407,620. The disclosure for this sale can be found here. Insiders have sold a total of 449,410 shares of company stock valued at $100,631,138 over the last ninety days. 20.00% of the stock is owned by company insiders.

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.