Workday, Inc. (NASDAQ:WDAY) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 94.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,954 shares of the software maker's stock after selling 682,381 shares during the period. Two Sigma Investments LP's holdings in Workday were worth $10,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WDAY. Crews Bank & Trust purchased a new stake in Workday in the 4th quarter worth $26,000. Roxbury Financial LLC purchased a new stake in Workday in the 4th quarter worth $25,000. Avion Wealth increased its holdings in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares in the last quarter. TCTC Holdings LLC purchased a new stake in Workday in the 4th quarter worth $35,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Workday by 78.6% during the fourth quarter. Rakuten Securities Inc. now owns 150 shares of the software maker's stock worth $39,000 after buying an additional 66 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WDAY shares. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Oppenheimer dropped their target price on shares of Workday from $320.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Piper Sandler reaffirmed a "neutral" rating and set a $255.00 target price (up previously from $230.00) on shares of Workday in a report on Friday, May 23rd. BNP Paribas raised shares of Workday to a "strong-buy" rating in a report on Friday, February 14th. Finally, Westpark Capital upped their target price on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Workday has a consensus rating of "Moderate Buy" and an average target price of $293.54.

Insider Buying and Selling at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $241.33, for a total transaction of $1,809,975.00. Following the sale, the director now owns 75,000 shares of the company's stock, valued at approximately $18,099,750. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the sale, the insider now directly owns 102,997 shares in the company, valued at $26,729,781.44. This represents a 39.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 315,668 shares of company stock valued at $76,368,258 over the last 90 days. 20.00% of the stock is owned by insiders.

Workday Trading Up 1.0%

NASDAQ WDAY traded up $2.47 during trading hours on Thursday, reaching $242.37. The company had a trading volume of 805,477 shares, compared to its average volume of 2,526,577. The stock has a 50-day moving average of $241.87 and a 200 day moving average of $253.86. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. 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 has a market capitalization of $64.47 billion, a P/E ratio of 40.15, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30.

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 company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share 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.