Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,385 shares of the software maker's stock after buying an additional 2,563 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Workday were worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Burling Wealth Partners LLC purchased a new stake in Workday in the 4th quarter valued at $264,000. RiverPark Advisors LLC grew its holdings in shares of Workday by 9,421.4% in the fourth quarter. RiverPark Advisors LLC now owns 7,998 shares of the software maker's stock valued at $2,064,000 after purchasing an additional 7,914 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Workday by 1,986.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 156,500 shares of the software maker's stock valued at $40,382,000 after purchasing an additional 149,000 shares during the period. Freshford Capital Management LLC acquired a new stake in Workday during the fourth quarter worth about $28,845,000. Finally, T. Rowe Price Investment Management Inc. purchased a new position in Workday during the fourth quarter worth about $658,735,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Up 1.6 %

NASDAQ:WDAY traded up $3.83 during mid-day trading on Thursday, reaching $248.83. The company's stock had a trading volume of 498,594 shares, compared to its average volume of 2,604,109. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The company's fifty day simple moving average is $239.72 and its two-hundred day simple moving average is $251.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market cap of $66.19 billion, a P/E ratio of 41.29, a P/E/G ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. On average, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $22,111,395.96. This represents a 44.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction dated 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 owns 111,324 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 321,724 shares of company stock worth $77,976,126. 20.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WDAY. Royal Bank of Canada raised their price target on shares of Workday from $320.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Mizuho cut their target price on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. UBS Group upped their price target on Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Scotiabank cut their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Finally, DA Davidson reduced their price objective on shares of Workday from $270.00 to $230.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average price target of $292.86.

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.