Qsemble Capital Management LP Has $1.12 Million Stock Holdings in Workday, Inc. (NASDAQ:WDAY)

Qsemble Capital Management LP decreased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 49.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,572 shares of the software maker’s stock after selling 4,501 shares during the period. Qsemble Capital Management LP’s holdings in Workday were worth $1,117,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. ORG Partners LLC increased its holdings in Workday by 3,717.9% in the second quarter. ORG Partners LLC now owns 3,207 shares of the software maker’s stock valued at $721,000 after purchasing an additional 3,123 shares during the last quarter. Grafton Street Partners Fund LP bought a new stake in shares of Workday in the 3rd quarter valued at about $4,424,000. ICICI Prudential Asset Management Co Ltd raised its position in shares of Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after acquiring an additional 7,802 shares during the period. Legal & General Group Plc boosted its stake in Workday by 7.4% during the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after acquiring an additional 118,180 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Workday by 19.3% in the third quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock valued at $10,833,000 after purchasing an additional 7,175 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WDAY shares. Wells Fargo & Company boosted their price target on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $300.00 target price on shares of Workday in a research note on Wednesday, September 18th. KeyCorp raised their price target on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays boosted their price objective on Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Piper Sandler reissued an “overweight” rating and set a $285.00 target price on shares of Workday in a research note on Wednesday, September 18th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $289.46.

Workday Price Performance

Shares of WDAY opened at $270.19 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $248.52 and its 200 day simple moving average is $237.21. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $311.28. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 5.31 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the business earned $0.47 EPS. Workday’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts forecast that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the transaction, the director now directly owns 90,000 shares in the company, valued at $22,990,500. The trade was a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 39.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 359,954 shares of company stock worth $88,742,132 over the last 90 days. Company insiders own 20.00% 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.