Caisse DE Depot ET Placement DU Quebec Buys 115,696 Shares of Workday, Inc. (NASDAQ:WDAY)

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 49.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 347,625 shares of the software maker’s stock after acquiring an additional 115,696 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Workday were worth $84,963,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of Workday by 27.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,417 shares of the software maker’s stock worth $659,000 after acquiring an additional 525 shares in the last quarter. Cetera Investment Advisers raised its stake in Workday by 83.5% during the first quarter. Cetera Investment Advisers now owns 49,132 shares of the software maker’s stock valued at $13,401,000 after purchasing an additional 22,351 shares in the last quarter. Cetera Advisors LLC lifted its position in Workday by 378.3% during the first quarter. Cetera Advisors LLC now owns 16,582 shares of the software maker’s stock valued at $4,523,000 after purchasing an additional 13,115 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Workday by 2.2% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,985 shares of the software maker’s stock worth $667,000 after buying an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Workday by 9.5% during the 2nd quarter. GAMMA Investing LLC now owns 694 shares of the software maker’s stock valued at $155,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 66,492 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This represents a 39.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $255.45, for a total transaction of $1,915,875.00. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at approximately $22,990,500. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 359,954 shares of company stock valued at $88,742,132 in the last ninety days. Insiders own 20.00% of the company’s stock.

Workday Stock Down 1.3 %

Shares of WDAY stock opened at $249.99 on Friday. The stock’s fifty day moving average price is $248.77 and its 200 day moving average price is $237.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a market cap of $66.25 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 4.96 and a beta of 1.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Workday had a return on equity of 6.21% and a net margin of 19.86%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, research analysts expect that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WDAY. DA Davidson upped their price objective on Workday from $255.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, August 23rd. Barclays cut their price objective on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup lowered their target price on shares of Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average price target of $288.14.

Workday Company 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.