Workday, Inc. (NASDAQ:WDAY) is Ownership Capital B.V.'s 4th Largest Position

Ownership Capital B.V. lessened its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 635,765 shares of the software maker's stock after selling 118,477 shares during the period. Workday comprises approximately 6.8% of Ownership Capital B.V.'s portfolio, making the stock its 4th largest position. Ownership Capital B.V. owned 0.24% of Workday worth $148,470,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. TCTC Holdings LLC acquired a new position in shares of Workday in the fourth quarter worth $35,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the first quarter worth $32,000. Rakuten Securities Inc. grew its stake in shares of Workday by 78.6% in the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after acquiring an additional 66 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on WDAY. Citigroup downgraded shares of Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. Oppenheimer dropped their price target on shares of Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Mizuho dropped their price target on shares of Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus dropped their price target on shares of Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.88.

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director directly owned 67,500 shares of the company's stock, valued at $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,554 shares of company stock valued at $79,097,601 over the last ninety days. 19.31% of the stock is currently owned by corporate insiders.

Workday Stock Performance

WDAY traded down $5.93 on Friday, reaching $223.37. The company had a trading volume of 2,494,795 shares, compared to its average volume of 2,482,412. Workday, Inc. has a 1 year low of $199.81 and a 1 year high of $294.00. The stock has a market capitalization of $59.64 billion, a PE ratio of 123.41, a P/E/G ratio of 3.46 and a beta of 1.21. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $248.29 and a 200-day moving average price of $248.51.

Workday (NASDAQ:WDAY - Get Free Report) last announced its 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 net margin of 5.60% and a return on equity of 8.00%. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. As a group, research analysts forecast that Workday, Inc. will post 2.63 EPS 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.