Workday, Inc. (NASDAQ:WDAY) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 274.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,761 shares of the software maker's stock after purchasing an additional 83,371 shares during the quarter. Toronto Dominion Bank's holdings in Workday were worth $29,354,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WDAY. Janney Montgomery Scott LLC increased its holdings in shares of Workday by 12.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,575 shares of the software maker's stock worth $5,567,000 after purchasing an additional 2,347 shares during the last quarter. Brighton Jones LLC grew its holdings in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after buying an additional 2,792 shares in the last quarter. RFG Advisory LLC increased its stake in Workday by 11.4% in the 4th quarter. RFG Advisory LLC now owns 1,890 shares of the software maker's stock worth $488,000 after acquiring an additional 193 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Workday during the 4th quarter worth approximately $230,000. Finally, Fifth Third Bancorp boosted its position in shares of Workday by 4.8% during the 4th quarter. Fifth Third Bancorp now owns 9,251 shares of the software maker's stock valued at $2,387,000 after acquiring an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Activity

In related news, CAO Mark S. Garfield sold 497 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total transaction of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares in the company, valued at $7,789,921.75. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 66,455 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $26,729,781.44. The trade was a 39.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 318,793 shares of company stock worth $77,122,102. Corporate insiders own 20.00% of the company's stock.

Analyst Ratings Changes

WDAY has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Workday from $310.00 to $295.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. JMP Securities restated a "market outperform" rating and set a $315.00 target price on shares of Workday in a research report on Friday, May 23rd. BNP Paribas raised Workday to a "strong-buy" rating in a research note on Friday, February 14th. BMO Capital Markets raised their price objective on Workday from $300.00 to $314.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Oppenheimer cut their target price on Workday from $320.00 to $300.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Stock Up 2.5%

Shares of Workday stock traded up $5.95 during trading on Friday, hitting $247.71. 3,339,416 shares of the stock traded hands, compared to its average volume of 2,533,826. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $241.70 and its 200 day simple moving average is $253.71. The firm has a market cap of $65.89 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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 19.86% and a return on equity of 6.13%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm posted $1.74 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.