Workday, Inc. (NASDAQ:WDAY) Stock Holdings Lifted by Darwin Wealth Management LLC

Darwin Wealth Management LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 82.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,622 shares of the software maker’s stock after acquiring an additional 5,256 shares during the quarter. Darwin Wealth Management LLC’s holdings in Workday were worth $2,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WDAY. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 79.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,302,008 shares of the software maker’s stock valued at $514,637,000 after purchasing an additional 1,016,394 shares during the last quarter. Van ECK Associates Corp lifted its stake in 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 buying an additional 925,366 shares in the last quarter. D1 Capital Partners L.P. boosted its holdings in shares of Workday by 152.1% in the second quarter. D1 Capital Partners L.P. now owns 518,000 shares of the software maker’s stock worth $115,804,000 after buying an additional 312,500 shares during the period. Lindbrook Capital LLC increased its position in shares of Workday by 17,001.6% in the third quarter. Lindbrook Capital LLC now owns 285,938 shares of the software maker’s stock worth $703,000 after acquiring an additional 284,266 shares in the last quarter. Finally, Rokos Capital Management LLP raised its holdings in shares of Workday by 332.4% during the first quarter. Rokos Capital Management LLP now owns 332,986 shares of the software maker’s stock valued at $90,839,000 after acquiring an additional 255,971 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of WDAY opened at $259.90 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 2.04. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The company’s fifty day moving average price is $246.94 and its 200 day moving average price is $236.57. The company has a market capitalization of $68.87 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 5.15 and a beta of 1.35.

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

Insider Activity

In other news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $241.85, for a total transaction of $442,101.80. Following the transaction, the director now owns 8,674 shares in the company, valued at approximately $2,097,806.90. The trade was a 17.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. The trade was a 39.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 370,575 shares of company stock valued at $91,506,897. 20.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WDAY. Wells Fargo & Company raised their price objective on shares of Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Workday from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, August 23rd. Evercore ISI reduced their price objective on Workday from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Citigroup decreased their price objective on Workday from $274.00 to $270.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Finally, Scotiabank began coverage on Workday in a report on Monday. They issued a “sector outperform” rating and a $340.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.46.

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.