Banco Bilbao Vizcaya Argentaria S.A. Has $4.43 Million Stock Position in Workday, Inc. $WDAY

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in Workday, Inc. by 11.5%, holding 18,931 shares worth approximately $4.43 million as of the latest SEC filing.
• Several large investors, including Vanguard Group Inc. and The Manufacturers Life Insurance Company, have modified their stakes in Workday, indicating strong institutional interest with 89.81% of the stock owned by institutional investors.
• Workday reported an earnings per share of $2.23 for the last quarter, beating analyst estimates, and its revenue increased by 12.6% year-over-year to $2.24 billion.

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,931 shares of the software maker's stock after selling 2,454 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Workday were worth $4,434,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock valued at $4,810,404,000 after buying an additional 455,855 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock valued at $960,454,000 after buying an additional 1,406,088 shares in the last quarter. Brown Advisory Inc. boosted its stake in Workday by 1.5% in the fourth quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock valued at $911,027,000 after buying an additional 52,104 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Workday in the fourth quarter valued at about $658,735,000. Finally, Northern Trust Corp boosted its stake in Workday by 6.6% in the first quarter. Northern Trust Corp now owns 2,413,712 shares of the software maker's stock valued at $563,674,000 after buying an additional 149,731 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares in the company, valued at $10,093,578.22. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 73,971 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total value of $17,653,918.86. Following the transaction, the insider owned 102,997 shares of the company's stock, valued at $24,581,264.02. This trade represents a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 329,005 shares of company stock valued at $79,203,523 over the last ninety days. Insiders own 19.31% of the company's stock.

Workday Stock Performance

Shares of WDAY stock opened at $227.49 on Thursday. The business's 50-day moving average price is $233.31 and its 200-day moving average price is $243.20. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 125.69, a PEG ratio of 3.47 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%.The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $1.74 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday. Oppenheimer reduced their price objective on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Barclays reduced their price objective on Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a research note on Monday. Cantor Fitzgerald set a $265.00 price objective on Workday in a research note on Thursday, August 14th. Finally, UBS Group reduced their price objective on Workday from $285.00 to $250.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $292.92.

Workday 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.

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