Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 40.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 350,829 shares of the software maker's stock after acquiring an additional 101,466 shares during the period. Dimensional Fund Advisors LP owned 0.13% of Workday worth $90,545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Workday by 28.9% during the fourth quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after purchasing an additional 4,517,272 shares in the last quarter. Geode Capital Management LLC raised its stake in Workday by 61.9% during the 4th quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after acquiring an additional 1,772,223 shares in the last quarter. FIL Ltd lifted its position in Workday by 6.5% in the fourth quarter. FIL Ltd now owns 2,963,124 shares of the software maker's stock valued at $764,575,000 after acquiring an additional 181,899 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Workday by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,663,398 shares of the software maker's stock valued at $687,237,000 after acquiring an additional 136,211 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Workday during the fourth quarter worth about $645,710,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In related news, 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 transaction, the insider now owns 111,324 shares in the company, valued at $29,556,522. This represents a 5.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 3,125 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the sale, the chief executive officer now owns 10,847 shares in the company, valued at $2,544,814.67. This trade represents a 22.37 % decrease in their ownership of the stock. 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 company insiders.

Analysts Set New Price Targets

WDAY has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on Workday from $310.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on shares of Workday from $360.00 to $325.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reiterated a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho reduced their target price on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Ten research 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $292.86.

Workday Stock Performance

Shares of NASDAQ:WDAY traded up $1.61 during trading on Thursday, hitting $246.61. 1,522,123 shares of the company traded hands, compared to its average volume of 2,607,125. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 3.55 and a beta of 1.32. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The business's fifty day moving average is $239.72 and its 200-day moving average is $251.78.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.