National Pension Service Acquires 13,140 Shares of Workday, Inc. (NASDAQ:WDAY)

National Pension Service raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 464,675 shares of the software maker’s stock after purchasing an additional 13,140 shares during the quarter. National Pension Service owned 0.18% of Workday worth $128,278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Beacon Capital Management LLC grew its position in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Workday by 215.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Clear Street Markets LLC purchased a new stake in Workday during the 3rd quarter valued at $29,000. Exchange Traded Concepts LLC lifted its position in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker’s stock worth $31,000 after buying an additional 105 shares during the last quarter. Finally, CVA Family Office LLC purchased a new position in Workday during the fourth quarter worth $33,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Workday news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the sale, the insider now owns 843,000 shares in the company, valued at approximately $223,302,270. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Richard Harry Sauer sold 8,447 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $268.21, for a total transaction of $2,265,569.87. Following the completion of the transaction, the insider now directly owns 66,356 shares in the company, valued at $17,797,342.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the sale, the insider now directly owns 843,000 shares in the company, valued at $223,302,270. The disclosure for this sale can be found here. Over the last quarter, insiders sold 435,691 shares of company stock valued at $117,731,569. Insiders own 21.09% of the company’s stock.

Workday Stock Up 0.1 %

Shares of Workday stock traded up $0.20 during trading on Wednesday, reaching $249.63. The company’s stock had a trading volume of 1,466,430 shares, compared to its average volume of 1,835,188. The company has a 50-day simple moving average of $266.02 and a two-hundred day simple moving average of $266.06. 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 1-year low of $174.70 and a 1-year high of $311.28. The company has a market cap of $65.90 billion, a price-to-earnings ratio of 48.47, a P/E/G ratio of 6.39 and a beta of 1.33.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. Workday had a return on equity of 4.87% and a net margin of 19.02%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, equities analysts forecast that Workday, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Workday from $290.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Needham & Company LLC upped their target price on Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Wells Fargo & Company raised their price target on Workday from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $330.00 price objective on shares of Workday in a research report on Monday, February 26th. Finally, Morgan Stanley decreased their target price on Workday from $335.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $293.61.

Workday Company 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.