Workday, Inc. (NASDAQ:WDAY) Shares Purchased by Manchester Capital Management LLC

Manchester Capital Management LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198 shares of the software maker’s stock after acquiring an additional 52 shares during the quarter. Manchester Capital Management LLC’s holdings in Workday were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Two Sigma Advisers LP raised its stake in Workday by 1,094.2% during the third quarter. Two Sigma Advisers LP now owns 613,800 shares of the software maker’s stock worth $150,019,000 after acquiring an additional 562,400 shares during the period. KBC Group NV raised its stake in Workday by 340.3% during the fourth quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after acquiring an additional 506,812 shares during the period. Janus Henderson Group PLC increased its stake in shares of Workday by 10.7% in the third quarter. Janus Henderson Group PLC now owns 4,985,131 shares of the software maker’s stock valued at $1,218,415,000 after purchasing an additional 480,459 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Workday in the third quarter valued at approximately $78,003,000. Finally, Lindbrook Capital LLC increased its stake in shares of Workday by 17,001.6% in the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock valued at $703,000 after purchasing an additional 284,266 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WDAY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Workday from a “hold” rating to a “buy” rating and raised their price target for the company from $265.00 to $300.00 in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $270.00 price objective (down from $285.00) on shares of Workday in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $292.43.

Workday Trading Down 0.8 %

Workday stock opened at $258.05 on Friday. The company has a 50 day moving average price of $262.13 and a 200 day moving average price of $251.46. Workday, Inc. has a 52 week low of $199.81 and a 52 week high of $311.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $68.64 billion, a price-to-earnings ratio of 42.79, a P/E/G ratio of 3.78 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.13. Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. Research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 472 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the completion of the sale, the chief accounting officer now owns 35,408 shares in the company, valued at $8,789,681.92. This represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $246.42, for a total transaction of $13,799,520.00. Following the transaction, the insider now owns 60,000 shares in the company, valued at $14,785,200. This represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock worth $113,142,592 in the last quarter. 20.00% of the stock is currently owned by corporate 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.