Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 595,971 shares of the software maker's stock after acquiring an additional 111,270 shares during the quarter. Workday makes up approximately 2.5% of Bristol John W & Co. Inc. NY's holdings, making the stock its 12th biggest holding. Bristol John W & Co. Inc. NY owned about 0.22% of Workday worth $153,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WDAY. Bristlecone Advisors LLC increased its holdings in Workday by 49.6% during the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker's stock valued at $754,000 after buying an additional 968 shares during the period. Burns Matteson Capital Management LLC purchased a new position in Workday in the fourth quarter worth $369,000. Smith Group Asset Management LLC grew its holdings in Workday by 9.4% in the fourth quarter. Smith Group Asset Management LLC now owns 109,013 shares of the software maker's stock worth $28,129,000 after purchasing an additional 9,324 shares during the last quarter. Swedbank AB grew its holdings in Workday by 17.7% in the fourth quarter. Swedbank AB now owns 97,529 shares of the software maker's stock worth $25,165,000 after purchasing an additional 14,682 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Workday in the fourth quarter worth $8,984,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WDAY. JPMorgan Chase & Co. cut their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. BMO Capital Markets boosted their price objective on shares of Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. DA Davidson boosted their price objective on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. The Goldman Sachs Group boosted their price objective on shares of Workday from $310.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Piper Sandler reissued a "neutral" rating and set a $255.00 price objective (up from $230.00) on shares of Workday in a report on Friday, May 23rd. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $293.54.

Workday Trading Up 2.4%

Shares of NASDAQ WDAY traded up $5.77 during midday trading on Friday, reaching $247.53. 3,490,326 shares of the stock were exchanged, compared to its average volume of 2,515,856. The company has a 50 day simple moving average of $241.60 and a 200 day simple moving average of $253.55. The stock has a market capitalization of $65.84 billion, a P/E ratio of 41.05, a PEG ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. The business's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 EPS. As a group, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 3,125 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $234.61, for a total transaction of $733,156.25. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the transaction, the chief accounting officer now owns 34,385 shares of the company's stock, valued at approximately $7,789,921.75. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 318,793 shares of company stock worth $77,122,102 in the last 90 days. Insiders own 20.00% of the company's stock.

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.