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

Toronto Dominion Bank lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 274.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,761 shares of the software maker's stock after acquiring an additional 83,371 shares during the period. Toronto Dominion Bank's holdings in Workday were worth $29,354,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Simplicity Wealth LLC grew its stake in Workday by 3.0% during the fourth quarter. Simplicity Wealth LLC now owns 1,277 shares of the software maker's stock valued at $330,000 after acquiring an additional 37 shares in the last quarter. Custom Index Systems LLC boosted its holdings in shares of Workday by 3.0% during the 4th quarter. Custom Index Systems LLC now owns 1,412 shares of the software maker's stock valued at $364,000 after purchasing an additional 41 shares during the last quarter. AllSquare Wealth Management LLC grew its position in shares of Workday by 19.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker's stock valued at $65,000 after purchasing an additional 41 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Workday by 1.5% in the fourth quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker's stock worth $745,000 after purchasing an additional 43 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its holdings in shares of Workday by 3.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker's stock worth $385,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Trading Up 1.3%

Workday stock traded up $3.53 during trading on Thursday, reaching $272.07. The company had a trading volume of 4,120,224 shares, compared to its average volume of 2,571,875. Workday, Inc. has a 12-month low of $199.81 and a 12-month high of $294.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05. The stock's 50 day moving average price is $242.42 and its two-hundred day moving average price is $254.01. The firm has a market capitalization of $72.37 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. As a group, equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 497 shares of Workday stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the sale, the chief accounting officer now owns 34,385 shares in the company, valued at $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 81,275 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the completion of the transaction, the insider now owns 102,997 shares of the company's stock, valued at $22,111,395.96. This trade represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 321,724 shares of company stock valued at $77,976,126. Corporate insiders own 19.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on WDAY. Guggenheim restated a "neutral" rating on shares of Workday in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Workday from $285.00 to $310.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Scotiabank lowered their price target on shares of Workday from $355.00 to $305.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. KeyCorp boosted their price objective on Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Finally, Mizuho lowered their price objective on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Workday currently has an average rating of "Moderate Buy" and a consensus target price of $293.62.

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.