Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Slow Capital Inc.

Slow Capital Inc. raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 100.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,835 shares of the software maker's stock after buying an additional 11,468 shares during the quarter. Slow Capital Inc.'s holdings in Workday were worth $5,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Cornerstone Planning Group LLC boosted its holdings in shares of Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares during the period. Farmers & Merchants Investments Inc. purchased a new position in Workday during the first quarter worth $32,000. TCTC Holdings LLC purchased a new position in Workday during the fourth quarter worth $35,000. Financial Management Professionals Inc. boosted its stake in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after purchasing an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Workday during the first quarter valued at $40,000. 89.81% of the stock is currently owned by institutional investors.

Workday Price Performance

WDAY traded up $1.81 on Wednesday, hitting $226.73. 1,925,171 shares of the company's stock were exchanged, compared to its average volume of 2,269,713. The stock has a market cap of $60.54 billion, a price-to-earnings ratio of 125.27, a P/E/G ratio of 3.40 and a beta of 1.21. Workday, Inc. has a fifty-two week low of $199.81 and a fifty-two week high of $294.00. The firm has a 50-day moving average price of $247.37 and a 200-day moving average price of $247.77. 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 posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. Workday's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WDAY has been the subject of several research reports. JMP Securities reiterated a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Friday, May 23rd. Citigroup cut shares of Workday from a "neutral" rating to a "mixed" rating in a research report on Friday, May 16th. Wells Fargo & Company lowered their target price on Workday from $360.00 to $325.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 target price on shares of Workday in a report on Friday, May 23rd. Finally, Stifel Nicolaus decreased their price objective on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Workday has a consensus rating of "Moderate Buy" and an average price target of $296.88.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares of the company's stock, valued at approximately $352,440.96. The trade was a 80.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 329,005 shares of company stock valued at $79,203,523 in the last three months. Company 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.