Northwest & Ethical Investments L.P. Has $1.88 Million Stock Holdings in Workday, Inc. $WDAY

Northwest & Ethical Investments L.P. decreased its position in Workday, Inc. (NASDAQ:WDAY) by 24.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,828 shares of the software maker’s stock after selling 2,528 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Workday were worth $1,879,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Workday in the first quarter worth $456,341,000. T. Rowe Price Investment Management Inc. increased its stake in Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares in the last quarter. Generation Investment Management LLP boosted its stake in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after buying an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after buying an additional 548,694 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the transaction, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 264,933 shares of company stock valued at $61,475,760 in the last ninety days. Insiders own 19.31% of the company’s stock.

Workday Stock Down 7.9%

NASDAQ WDAY opened at $215.34 on Friday. The company has a current ratio of 1.83, a quick ratio of 2.10 and a debt-to-equity ratio of 0.34. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a 50 day moving average of $233.59 and a 200-day moving average of $236.32. The company has a market cap of $57.50 billion, a price-to-earnings ratio of 90.48, a PEG ratio of 2.67 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. On average, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WDAY has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Workday from $255.00 to $235.00 and set a “hold” rating for the company in a research report on Wednesday. Macquarie reiterated a “buy” rating on shares of Workday in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Raymond James Financial initiated coverage on shares of Workday in a research report on Friday, November 21st. They set a “market perform” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.70.

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.