Banque Cantonale Vaudoise Takes Position in Workday, Inc. (NASDAQ:WDAY)

Key Points

• Banque Cantonale Vaudoise has invested approximately $2.11 million in Workday, acquiring 9,052 shares during the first quarter.
• Workday reported earnings of $2.23 per share, surpassing analyst expectations, with a revenue of $2.24 billion for the last quarter, reflecting a 12.6% increase from the previous year.
• Workday's stock has a market capitalization of $63.46 billion and a consensus target price of $296.88 from analysts, indicating positive growth expectations.

Banque Cantonale Vaudoise purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,052 shares of the software maker's stock, valued at approximately $2,114,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after buying an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock worth $793,000 after buying an additional 595 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Workday by 14.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,390 shares of the software maker's stock worth $3,713,000 after buying an additional 1,764 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Workday by 124.6% in the 4th quarter. Alliancebernstein L.P. now owns 227,752 shares of the software maker's stock worth $58,767,000 after buying an additional 126,349 shares during the last quarter. Finally, Summit Financial LLC boosted its holdings in shares of Workday by 5.6% in the 4th quarter. Summit Financial LLC now owns 7,362 shares of the software maker's stock worth $1,899,000 after buying an additional 391 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the sale, the director directly owned 67,500 shares in the company, valued at approximately $16,767,675. The trade was a 10.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,005 shares of company stock worth $79,203,523. 19.31% of the stock is owned by insiders.

Analyst Ratings Changes

WDAY has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $340.00 price target on shares of Workday in a report on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a report on Friday, May 23rd. DA Davidson increased their price target on Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on Workday from $310.00 to $295.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $296.88.

Workday Price Performance

WDAY traded down $7.16 during trading on Friday, reaching $222.22. 4,088,210 shares of the company were exchanged, compared to its average volume of 2,235,786. The company's 50-day moving average is $239.40 and its two-hundred day moving average is $246.15. The company has a market cap of $59.33 billion, a price-to-earnings ratio of 122.77, a P/E/G ratio of 3.47 and a beta of 1.24. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.22 billion. During the same quarter last year, the firm posted $1.74 EPS. The company's revenue was up 12.6% compared to the same quarter last year. Research analysts forecast 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.