Two Sigma Advisers LP Has $903,000 Stake in Workday, Inc. (NASDAQ:WDAY)

Two Sigma Advisers LP reduced its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,500 shares of the software maker's stock after selling 610,300 shares during the quarter. Two Sigma Advisers LP's holdings in Workday were worth $903,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Workday by 28.9% in the 4th quarter. Vanguard Group Inc. now owns 20,142,800 shares of the software maker's stock worth $5,197,447,000 after acquiring an additional 4,517,272 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Workday during the fourth quarter valued at approximately $658,735,000. Norges Bank bought a new position in Workday during the fourth quarter valued at approximately $645,710,000. Parnassus Investments LLC grew its position in Workday by 562.2% during the fourth quarter. Parnassus Investments LLC now owns 2,447,735 shares of the software maker's stock valued at $631,589,000 after acquiring an additional 2,078,097 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after purchasing an additional 1,772,223 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research analyst reports. BNP Paribas raised Workday to a "strong-buy" rating in a research note on Friday, February 14th. Oppenheimer lowered their price target on Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Mizuho decreased their target price on Workday from $320.00 to $275.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Westpark Capital upped their price target on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, DA Davidson upped their price target on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus target price of $293.54.

Workday Stock Performance

WDAY stock traded up $0.62 during mid-day trading on Thursday, reaching $250.10. The company had a trading volume of 1,735,805 shares, compared to its average volume of 2,478,699. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $66.53 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.55 and a beta of 1.30. Workday, Inc. has a one year low of $199.81 and a one year high of $294.00. The stock's 50-day simple moving average is $241.89 and its two-hundred day simple moving average is $253.15.

Workday (NASDAQ:WDAY - Get Free Report) last released its 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. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the company earned $1.74 earnings per share. Workday's revenue was up 12.6% compared to the same quarter last year. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $234.61, for a total value of $733,156.25. Following the completion of the sale, the chief executive officer now directly owns 10,847 shares of the company's stock, valued at $2,544,814.67. This represents a 22.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Duffield sold 15,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $243.17, for a total transaction of $3,647,550.00. Following the sale, the insider now owns 45,000 shares of the company's stock, valued at $10,942,650. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,338 shares of company stock worth $59,875,701 in the last three months. 19.31% of the stock is owned by insiders.

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.