Workday, Inc. (NASDAQ:WDAY) Shares Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,211 shares of the software maker’s stock after acquiring an additional 822 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Workday were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of WDAY. Crewe Advisors LLC purchased a new position in Workday during the first quarter worth approximately $27,000. SouthState Corp lifted its position in shares of Workday by 614.3% during the 2nd quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Workday in the 2nd quarter valued at $35,000. Asset Dedication LLC purchased a new stake in Workday in the 2nd quarter worth $36,000. Finally, PSI Advisors LLC acquired a new position in Workday during the second quarter worth $38,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director George J. Still, Jr. sold 7,500 shares of Workday 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 completion of the transaction, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 66,492 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the sale, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 370,575 shares of company stock worth $91,506,897. 20.00% of the stock is owned by corporate insiders.

Workday Trading Down 1.9 %

Shares of Workday stock opened at $233.85 on Friday. The firm has a market cap of $61.97 billion, a price-to-earnings ratio of 40.74, a price-to-earnings-growth ratio of 4.73 and a beta of 1.35. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The company’s 50-day simple moving average is $247.41 and its 200-day simple moving average is $236.40. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts anticipate that Workday, Inc. will post 2.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Loop Capital boosted their target price on shares of Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. JMP Securities reiterated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Thursday, September 19th. KeyCorp raised their target price on Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. DA Davidson lifted their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Barclays increased their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.04.

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.