Workday, Inc. $WDAY Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3,001.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 135,627 shares of the software maker’s stock after buying an additional 131,254 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Workday were worth $17,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in WDAY. Finivi Inc. raised its stake in Workday by 3.3% in the 3rd quarter. Finivi Inc. now owns 1,516 shares of the software maker’s stock worth $365,000 after acquiring an additional 48 shares during the last quarter. Strategic Investment Advisors MI grew its stake in Workday by 1.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Workday by 3.0% in the fourth quarter. Sagespring Wealth Partners LLC now owns 2,052 shares of the software maker’s stock valued at $441,000 after purchasing an additional 59 shares during the period. CVA Family Office LLC increased its holdings in shares of Workday by 35.3% in the fourth quarter. CVA Family Office LLC now owns 249 shares of the software maker’s stock valued at $53,000 after purchasing an additional 65 shares during the period. Finally, Aspire Private Capital LLC increased its holdings in shares of Workday by 1.3% in the fourth quarter. Aspire Private Capital LLC now owns 5,560 shares of the software maker’s stock valued at $1,194,000 after purchasing an additional 71 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Up 3.9%

Workday stock opened at $135.40 on Friday. The firm has a market cap of $33.44 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11. Workday, Inc. has a 52 week low of $110.36 and a 52 week high of $249.85. The business’s 50-day moving average price is $127.58 and its 200 day moving average price is $149.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.15. Workday had a return on equity of 14.75% and a net margin of 8.60%.The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $2.23 earnings per share. Workday’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Workday, Inc. will post 5.34 earnings per share for the current year.

Insider Activity

In related news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.22, for a total transaction of $769,320.00. Following the sale, the chief financial officer owned 217,930 shares in the company, valued at approximately $27,942,984.60. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gerrit S. Kazmaier sold 9,356 shares of Workday stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total transaction of $1,201,216.84. Following the completion of the transaction, the insider directly owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 882,314 shares of company stock valued at $111,443,691 in the last three months. 18.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WDAY shares. TD Cowen reaffirmed a “hold” rating on shares of Workday in a report on Friday, May 22nd. William Blair upgraded shares of Workday to a “strong-buy” rating in a report on Friday, May 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. BTIG Research restated a “buy” rating and set a $175.00 price objective on shares of Workday in a research note on Monday, May 18th. Finally, Summit Redstone set a $275.00 price objective on shares of Workday in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.00.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.