SFE Investment Counsel Increases Stake in Workday, Inc. (NASDAQ:WDAY)

SFE Investment Counsel boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,895 shares of the software maker’s stock after buying an additional 55 shares during the period. SFE Investment Counsel’s holdings in Workday were worth $708,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WDAY. The Manufacturers Life Insurance Company grew its position in shares of Workday by 79.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock worth $514,637,000 after buying an additional 1,016,394 shares during the period. Van ECK Associates Corp increased its stake in shares of Workday by 17,345.2% during the second quarter. Van ECK Associates Corp now owns 930,701 shares of the software maker’s stock valued at $208,068,000 after purchasing an additional 925,366 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Workday by 2.2% during the first quarter. Vanguard Group Inc. now owns 14,772,665 shares of the software maker’s stock valued at $4,029,244,000 after purchasing an additional 324,540 shares during the last quarter. D1 Capital Partners L.P. boosted its position in shares of Workday by 152.1% in the 2nd quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after purchasing an additional 312,500 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its stake in shares of Workday by 9.7% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,402,374 shares of the software maker’s stock worth $927,998,000 after buying an additional 301,463 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder David A. Duffield sold 66,492 shares of Workday stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at approximately $26,902,816.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $242.01, for a total value of $13,552,560.00. Following the completion of the sale, the insider now directly owns 281,000 shares of the company’s stock, valued at $68,004,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 370,575 shares of company stock valued at $91,506,897 in the last quarter. 20.00% of the stock is currently owned by insiders.

Workday Stock Down 1.2 %

Shares of WDAY opened at $234.95 on Tuesday. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $311.28. 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 has a market capitalization of $62.26 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The business’s 50 day moving average is $247.14 and its 200 day moving average is $236.58.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Workday had a net margin of 19.59% and a return on equity of 5.34%. Workday’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Research analysts expect that Workday, Inc. will post 2.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WDAY shares. Deutsche Bank Aktiengesellschaft boosted their target price on Workday from $265.00 to $275.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. Needham & Company LLC cut their price target on shares of Workday from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Barclays raised their price target on shares of Workday from $286.00 to $289.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Evercore ISI lowered their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Finally, Loop Capital lifted their target price on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.04.

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.