Ontario Teachers Pension Plan Board Buys Shares of 913 Workday, Inc. (NASDAQ:WDAY)

Ontario Teachers Pension Plan Board purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) during the fourth quarter, Holdings Channel reports. The fund purchased 913 shares of the software maker’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Workday during the 3rd quarter worth approximately $2,289,000. Anchor Investment Management LLC grew its stake in shares of Workday by 6.1% in the third quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker’s stock worth $1,552,000 after purchasing an additional 368 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Workday in the third quarter valued at $4,893,000. Tidal Investments LLC raised its position in Workday by 43.8% during the 3rd quarter. Tidal Investments LLC now owns 13,546 shares of the software maker’s stock worth $3,311,000 after purchasing an additional 4,128 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in Workday by 5.7% during the 3rd quarter. Synovus Financial Corp now owns 19,590 shares of the software maker’s stock worth $4,788,000 after buying an additional 1,051 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

NASDAQ WDAY opened at $221.02 on Friday. The company has a fifty day moving average price of $244.84 and a 200-day moving average price of $252.32. The firm has a market cap of $58.79 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. As a group, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Workday from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. DA Davidson reduced their price objective on shares of Workday from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday. Loop Capital lifted their target price on shares of Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, February 19th. Citigroup cut their price target on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, BMO Capital Markets lifted their price objective on Workday from $300.00 to $314.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.25.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the sale, the chief executive officer now owns 10,847 shares of the company’s stock, valued at approximately $2,544,814.67. The trade was a 22.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the transaction, the insider now directly owns 111,324 shares of the company’s stock, valued at $29,556,522. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock worth $77,976,126. 20.00% of the stock is owned by company insiders.

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.