Workday, Inc. (NASDAQ:WDAY) Holdings Lifted by Slow Capital Inc.

Slow Capital Inc. grew its position in Workday, Inc. (NASDAQ:WDAY) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,879 shares of the software maker’s stock after purchasing an additional 176 shares during the period. Slow Capital Inc.’s holdings in Workday were worth $2,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Workday by 1.9% during the third quarter. Vanguard Group Inc. now owns 14,010,910 shares of the software maker’s stock valued at $3,010,244,000 after purchasing an additional 263,994 shares during the last quarter. Wellington Management Group LLP lifted its stake in Workday by 37.4% during the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the last quarter. State Street Corp lifted its stake in Workday by 3.0% during the first quarter. State Street Corp now owns 4,270,722 shares of the software maker’s stock valued at $882,064,000 after purchasing an additional 126,266 shares during the last quarter. Polen Capital Management LLC lifted its stake in Workday by 2.0% during the third quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the last quarter. Finally, Norges Bank acquired a new stake in Workday during the fourth quarter valued at approximately $600,504,000. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

Workday stock traded up $0.64 during mid-day trading on Wednesday, reaching $258.33. The company had a trading volume of 443,934 shares, compared to its average volume of 1,775,767. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. Workday, Inc. has a 52 week low of $174.25 and a 52 week high of $311.28. The company has a 50 day moving average of $280.85 and a 200-day moving average of $262.06. The firm has a market cap of $68.20 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 6.49 and a beta of 1.32.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. Workday had a net margin of 19.02% and a return on equity of 4.87%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. On average, sell-side analysts expect that Workday, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on WDAY. DA Davidson reissued a “neutral” rating and set a $300.00 target price on shares of Workday in a research note on Tuesday, February 27th. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. JMP Securities restated a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research report on Tuesday, February 27th. Finally, BMO Capital Markets upped their price target on shares of Workday from $290.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $293.61.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of Workday stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares in the company, valued at approximately $27,633,065.13. 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 64,329 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $268.85, for a total transaction of $17,294,851.65. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,690,743.45. The disclosure for this sale can be found here. In the last three months, insiders sold 379,691 shares of company stock valued at $102,897,729. Company insiders own 21.09% of the company’s stock.

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.