AQR Capital Management LLC Buys 72,658 Shares of Workday, Inc. (NASDAQ:WDAY)

AQR Capital Management LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 26.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 345,604 shares of the software maker's stock after purchasing an additional 72,658 shares during the quarter. AQR Capital Management LLC owned 0.13% of Workday worth $89,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Workday during the 3rd quarter worth about $2,289,000. Anchor Investment Management LLC increased its position in Workday by 6.1% in the third quarter. Anchor Investment Management LLC now owns 6,352 shares of the software maker's stock worth $1,552,000 after buying an additional 368 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Workday in the third quarter worth about $4,893,000. Tidal Investments LLC lifted its stake in shares of Workday by 43.8% during the 3rd quarter. Tidal Investments LLC now owns 13,546 shares of the software maker's stock valued at $3,311,000 after buying an additional 4,128 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in Workday by 5.7% in the 3rd quarter. Synovus Financial Corp now owns 19,590 shares of the software maker's stock valued at $4,788,000 after purchasing an additional 1,051 shares during the period. Institutional investors own 89.81% of the company's stock.

Insider Activity

In related news, CAO Mark S. Garfield sold 497 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the completion of the sale, the insider now directly owns 111,324 shares in the company, valued at $29,556,522. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 321,724 shares of company stock valued at $77,976,126. Company insiders own 20.00% of the company's stock.

Workday Stock Up 0.4 %

Shares of NASDAQ WDAY traded up $0.95 during midday trading on Tuesday, reaching $249.29. 210,424 shares of the company's stock were exchanged, compared to its average volume of 2,578,157. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00. 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 business's fifty day moving average price is $238.83 and its two-hundred day moving average price is $252.01. The stock has a market capitalization of $66.31 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results 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 firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Workday from $290.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. BMO Capital Markets raised their target price on Workday from $300.00 to $314.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Mizuho cut their price target on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Daiwa America raised shares of Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $293.62.

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.