Gulf International Bank UK Ltd Sells 167 Shares of Workday, Inc. (NASDAQ:WDAY)

Gulf International Bank UK Ltd decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 16,140 shares of the software maker’s stock after selling 167 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Workday were worth $4,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bristlecone Advisors LLC raised its holdings in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock valued at $754,000 after buying an additional 968 shares during the last quarter. Sanctuary Advisors LLC increased its position in Workday by 7.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock valued at $7,934,000 after acquiring an additional 1,978 shares in the last quarter. Grafton Street Partners Fund LP bought a new position in shares of Workday in the third quarter worth about $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its position in shares of Workday by 32.4% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock worth $7,791,000 after purchasing an additional 7,802 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Workday by 20.5% during the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock valued at $182,753,000 after purchasing an additional 119,769 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $260.57 on Friday. The firm has a market cap of $69.31 billion, a P/E ratio of 43.21, a PEG ratio of 3.55 and a beta of 1.35. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $298.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The firm’s 50 day moving average price is $259.89 and its two-hundred day moving average price is $254.28.

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). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. On average, analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares in the company, valued at approximately $3,546,931.92. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 433,321 shares of company stock worth $111,763,803 over the last three months. Corporate insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WDAY shares. Redburn Atlantic initiated coverage on shares of Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Oppenheimer boosted their target price on Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on Workday from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup dropped their price objective on Workday from $287.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $302.14.

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.